The State of Wisconsin requires all corporations and limited liability companies to file annual reports. Each year near the anniversary of the organization of the company, the Department of Financial Institutions sends out a Notice card to the company’s Registered Agent several weeks before the deadline for filing an annual report that the report is due. The annual report confirms basic information, such as the name and address of the Registered Agent and the principle address of the business. This is also an opportunity to change the registered agent without having to pay an additional fee as you would have to any other time during the year. The report is filed online, takes about 10 minutes to complete, and requires payment of $26.
If you don’t file the annual report before the due date, the company will be deemed “delinquent” until the report(s) are filed and the filing fees (for each year, even the missed years) are paid. After two successive years not filing the annual report, the company will be on track to be administratively dissolved.
Once dissolved, your company would lose the right to the exclusive use of the company name, and may not carry on any business other than the winding up process of liquidating assets, paying creditors, and distributing the remainder to the members.
While there is a process for reinstating the company and bringing it up to date, it is more costly and time consuming than simply filing timely reports in the first place. So when that postcard comes, resist the temptation to toss it into a pile. If you want to keep your company in good standing, file the annual report, or ask your attorney to do it for you.
Wisconsin Annual Reports can be filed at: