Reinstate a Business in Wisconsin | A Step-by-Step Guide

by
Reinstate Wisconsin Business

Running a business or forming an LLC in Wisconsin can be a rewarding yet challenging experience. When operating a business, unforeseen circumstances may arise, leading to the suspension or dissolution of the entity. If your business has been suspended or dissolved in Wisconsin, you do not need to worry. This guide will provide a step-by-step process to Reinstate your Business in Wisconsin and get back on track.

Webinarcare Editorial Team will help you easily reinstate your Wisconsin business. You must be guided by all the factors gathered in this article.

How to Reinstate a Business in Wisconsin

Understanding Dissolution and Suspension

Before diving into the reinstatement process, it’s essential to understand the difference between dissolution and suspension.

Dissolution

Dissolution is the legal termination of a business entity. This can happen voluntarily by the owners or involuntarily by Wisconsin due to non-compliance with state laws and regulations. When a business is dissolved, it must cease all operations and settle outstanding debts and liabilities.

Suspension

The state can suspend a business entity for various reasons, such as failing to file Annual Reports or paying taxes. When a business is suspended, it loses its right to conduct business within Wisconsin, and the owners may be personally liable for any debts or liabilities incurred during the suspension period. Hiring a Registered Agent for your documents to be compliant is very important. You could check out the Best Wisconsin Registered Agent Services in Wisconsin.

LLC Service

Rating & Pricing

Top Features

Learn More

#1 Recommendation

$299 Per Year

  • Free LLC Formation

  • RA service in all states

  • Legal consultation

Learn More

$125 Per Year

  • Flat price for RA service

  • LLC formation package

  • Fast service

Learn More

How to Reinstate a Business in Wisconsin

In Wisconsin, reinstating your business needs a lot of preparation, more specifically if it is located in Madison. To be aware and prepared, we have gathered information on the steps to reinstate your Wisconsin business. If it is manageable to Dissolve a Business in Wisconsin, it is also bearable to reinstate your Wisconsin business. Keep in mind that you should follow the mentioned steps below. 

Step 1: Determine the Reason for Suspension or Dissolution

The first step in reinstating your Wisconsin business is determining why it is suspended or dissolved. This information can be found in the notice issued by Wisconsin or by contacting the Wisconsin Secretary of State. Common reasons for suspension or dissolution include:

  • Failure to file Annual Reports
  • Failure to pay taxes or fees
  • Failure to maintain a Registered Agent
  • Non-compliance with state laws and regulations

Step 2: Resolve Outstanding Issues

Once you have identified the reason for your business’s suspension or dissolution, you must resolve the outstanding issues. This may include:

  • Filing any missing Wisconsin Annual Reports and paying associated fees. In Wisconsin, the LLC Annual Reports costs $25 while the Corporation Annual Report costs $25.
  • Paying any outstanding taxes or fees
  • Appointing or updating your Registered Agent information. 
  • Resolving any non-compliance issues with state laws and regulations

Ensure that you keep records of all payments and documents submitted to the Wisconsin Secretary of State, as you may need to provide proof of compliance during the reinstatement process. We recommend hiring the Best Registered Agent Services if you plan to reinstate your business. This will ensure that your documents are up to date.

It is suggested that you speak with a legal professional before you begin reinstating your Wisconsin business. They’ll understand what’s best for you and your company. To safeguard your personal assets from business debts, you can always start an LLC in Wisconsin.

– WEBINARCARE EDITORIAL TEAM

Step 3: Obtain a Certificate of Status

Certificate of Status is a document issued by Wisconsin that verifies that your business is in compliance with all state requirements and is authorized to conduct business within the state. Although obtaining a Certificate of Status is not always required for reinstatement, it can be beneficial in demonstrating your business’s compliance and may expedite the reinstatement process.

To obtain a Certificate of Status in Wisconsin, you will need to:

Get and Submit the Form

The form is available on the Wisconsin Secretary of State website. You can download the form and mail it or submit it online. 

Online Application Process:
  • Visit the State Website: In Wisconsin, they offer an online portal for business services, which includes the option to request a Certificate of Status.
  • Register an Account: You may need to create an account or log in to your existing account to access the application process.
  • Provide Required Information and Documentation: The online application typically requires basic information about your business, such as the entity name, identification number, and business type. You may also need to upload supporting documents. 
Paper Application Process:
  • Download and Complete the Appropriate Forms: Visit the Wisconsin Secretary of State to download the required application forms for the Certificate of Status. Complete the forms, ensuring all information is accurate and up-to-date.
  • Provide Required Documentation: In Wisconsin, you may need to include copies of your registration documents, Articles of Organization, Annual Reports, or other supporting materials.
  • Mail or Deliver the Application: Once you have completed the forms and gathered the necessary documents, mail or deliver the application package to the State of WI – Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293, along with the required fees.
Pay Any Associated Fees

The fees for obtaining a Certificate of Status cost $10, vary depending on the type of business entity. Some states also offer expedited processing for an additional fee. Check the Wisconsin Secretary of State website for the most up-to-date fee schedule. The Certificate of Status’s processing time varies from state to state. Also, it depends on the expedited filing as well. It can take a few days to a few months to obtain the Certificate of Status in Wisconsin.

Provide Proof of Compliance

To prove compliance with state requirements, you must file Annual Reports and pay the necessary taxes.

Recommended: Legalzoom’s annual report services provide a comprehensive and streamlined approach to ensuring businesses maintain compliance and transparency. Their attention to detail and dedication to client satisfaction make them the go-to choice for all your annual reporting needs. We recommend using –

LegalZoom – Starts at $99 + filing fees

Step 4: Submit Reinstatement Application

Once you have resolved all outstanding issues and obtained a Certificate of Status, you can submit your reinstatement application to the Wisconsin’s Secretary of State. The reinstatement application process may vary depending on the state and the type of business entity (corporation, LLC, etc.).

In general, the reinstatement application process will require:

  • Completing a reinstatement application form is typically found on the Wisconsin Secretary of State’s website.
  • Providing proof of compliance with state requirements, such as filing Annual Reports, paying taxes, and maintaining a Registered Agent.
  • Pay the reinstatement fee in Wisconsin. The cost of the reinstatement fee amounts to $100. However, the cost will vary depending on the length of time your Wisconsin business has been suspended or dissolved.

Step 5: Wait for Approval

After submitting your reinstatement application and all required documentation, you must await approval from the Wisconsin’s Secretary of State. The processing time for reinstatement applications can vary depending on the Wisconsin and the complexity of your case. Being patient and prepared to provide any additional information or documentation requested by Wisconsin during this time is essential.

Step 6: Notify Creditors and Stakeholders

Once your business has been reinstated, you must notify creditors and stakeholders of your business’s renewed status. This may include:

  • Sending a formal letter to creditors and stakeholders informing them of the reinstatement.
  • Updating your Wisconsin business’s website and social media accounts to reflect the reinstated status.
  • Informing any relevant licensing or regulatory agencies of the reinstatement.

Step 7: Resume Business Operations

After your Wisconsin business has been reinstated and all relevant parties have been notified, you can resume your business operations. Be sure to maintain compliance with state laws and regulations moving forward to avoid future suspensions or dissolutions.

Reinstating or Creating a New Business?

Whether to reinstate a business or start a new one from scratch depends on several factors specific to your situation. Here are some points to consider when making your decision:

  • Costs: The costs of reinstating and starting a new business can vary significantly. Reinstating a business may involve paying outstanding taxes, fees, and penalties while starting a new business requires registration fees and potential legal costs. Compare both options’ costs to determine which is more financially viable.
  • Business History and Reputation: If your previous business has a strong reputation and established customer base, reinstating it may be more beneficial than starting from scratch. On the other hand, if your Wisconsin business has a negative history or unresolved legal issues, start fresh with a new business.
  • Time and Effort: Reinstating a business can be a time-consuming process, as you need to resolve outstanding issues, submit a reinstatement application, and wait for approval. Starting a new Wisconsin business may be faster, as you can register the business and begin operations relatively quickly. Consider which option is more time-efficient based on your situation.
  • Legal and Regulatory Compliance: If your previous Wisconsin business was suspended or dissolved due to non-compliance with state laws and regulations, you should carefully evaluate whether you can maintain compliance if the business is reinstated. If you are confident in your ability to comply with requirements, reinstating the business might be a good option. However, starting a new Wisconsin business might be a better choice if you still determine your ability to maintain compliance.

Ultimately, deciding to reinstate a business or start a new one from scratch depends on your circumstances and goals. Consider the abovementioned factors, consult with professionals such as Wisconsin Business Attorneys and accountants, and evaluate which option best suits your needs and long-term business objectives.

FAQs

Can I reinstate my Wisconsin business online?
Yes, you can reinstate your Wisconsin business online through the Wisconsin Department of Financial Institutions.
How long will it take to reinstate my Wisconsin business?
The processing time for reinstating your Wisconsin business can vary, but it typically takes 5-7 business days.
What is the cost to reinstate a Wisconsin business?
The cost to reinstate a Wisconsin business varies depending on the entity type and the reason for the dissolution. You can find the fee schedule on the Wisconsin Department of Financial Institutions website.
How do I find out why my Wisconsin business was dissolved?
You can search for your business information in the Wisconsin Department of Financial Institutions database or contact them directly.
Will I need to file any additional paperwork to reinstate my Wisconsin business?
If you had any overdue annual reports or taxes, you will need to file those before reinstatement.
Is there a statute of limitations to reinstate my Wisconsin business?
The limitations may depend on how long ago the entity was dissolved, the entity category.
Can I reinstate my Wisconsin business if it was dissolved for nonpayment of taxes or fees?
Yes, you can reinstate your Wisconsin business, but you will have to pay the outstanding tax or fees owed.
What happens if I don’t reinstate my Wisconsin business?
If you do not reinstate your Wisconsin business, its legal status will remain dissolved, and the state will stop profiling annual reports, tax bills, and business filings.
Can I reinstate my Wisconsin LLC if I closed it voluntarily?
If you voluntarily dissolved your Wisconsin LLC and have not transferred its many debt or property interests, Wisconsin reinstatement generally requires nothing more than filing paperwork and paying the fees.
If the Wisconsin LLC is involuntarily dissolved, can it be reinstated?
An LLC that was involuntarily dissolved can be reinstated upon payment of any fees owed.
Do I need to have a registered agent to reinstate my Wisconsin ban LLC?
If the business entity category is registered as a foreign or domestic, you must be in good standing to reinstate legally with a Wisconsin address.
Is annual corporate income tax filing required before reinstating my Wisconsin business?
Business entities reinstated in Wisconsin must first file missing annual reports and pay up incoming tax obligations before receiving reinstatement to active status.
How long can an LLC in Wisconsin remain inactive before it becomes administratively terminated?
In Wisconsin, an administratively-exempt Limited Liability expires 2-5 years after the State placed it on Commission Confirmation Suspension.
What is the largest fine I can face for not submitting my annual LLC report in WI?
In Wisconsin, LLC fees and penalties are fixed at an automatic $40.00, plus discharge and other expenses in processing the informal proceeding penalty.
Does a previously administratively dissolved Wisconsin LLC require assistance to reinstate?
If you managed to administratively disqualify a company from Wisconsin, you generally will not require a lawyer to reinstate the entity.
Do I have liability protections while reinstating a Wisconsin business?
A legal Standard Operating Agreement with terms dictated under state rule sets forth the framework that must be reinstated following dissolution ranging from the backdated website link disclaimer paragraph up to the most umbrella indemnity agreed to.
Are annual reports still mandatory as long as your LLC status maintains ‘good standing’?
In Wisconsin, yes, continuing provincial filings and taxes for the perpetual existence of a domestic LLC go beyond an annual report.
Can agents bypass regulations by scheduling service in other states?
Special leave of service regulations allows agent acceptance while living out of state without losing Wisconsin litigation benefits.
Is Wisconsin inventory privatized or do any reports exist indicating whether to outsource inventory?
List mailing, junk infringement lawsuits, corporate giftshops, advertising, office machines, protocols under confidential agreements with outside companies, lock replacement taxes, vendor listing distributions etc. remain among Wisconsin tax policy lexicons to include in cost estimates of reevaluating inventory dependencies.
What happens to LLC’s located in Wisconsin that do not reimburse minimum years fees before termination?
Their penalty will be equal to two years owing on calendar an $80 fee, and the business-entity may be placed in termination status until reinstatement motion is authorized with interest at minimum wage.
What Wisconsin statutory events may prevent a revival of my dissolved LLC?
Significant statutory events, such as reversed director, incorrect registered and levy personal income tax of sums made available in foreign countries.
Are cancellation bonuses included in foreign Wisconsin LLC’s?
WisCorp incorporation discourages cancellation bonuses; to contain compelling allocation or funds, contributions to bonus plans consisting of additional payments to principal amounts are unwarranted.
Can eligible earlier commitments still receive limited guaranteed coverage even after a dissolved state record?
Until the statutory time for administrative termination has lapsed for permissible extensions or annexations, the delegation will be extant according to contract rates.
Are customer complaints automatically put in public records only when an LLC is administratively disqualified from all operations?
In Wisconsin, complaints by customers, attorneys for customers, or the Wisconsin Department of Workforce will send detailed records with complayer name to ensure they understand the agency regulations to follow before licensing and that such agreements do not convey evidence of, related or violation unless they are registered with the corporation Division.
Am I allowed to maintain institutional knowledge and communication on the Wisconsin company social media channels when it expires?
Ownership and proper access and filing numbers providing public access to a registered corporation registration amended with annotated evidence entitles legal duty to oversee the legal operation of all entities.
How long after filing my reinstatement application may I reconstruct my Wisconsin business’ tax compliances and licenses?
Probation signifies the instant that attest entry will begin insertion, which is not automatic instant upon negative illegitimate bankruptcy resulting from permanently reducing corporation fees, misdemeanor qualification cul-de-sac on withdrawn fees-$55 payments notified to Domestic corporations by the Wisconsin Corporation Division.
Can pledging Wisconsin limited liability corporations improve creditworthiness of bank loans?
A guarantor pledge that Wisconsin law includes limited liability is in the interests of banks providing for individuals with loans successfully branded in lieu identity-match companies respectively.
Does assigning a register agent affect my ownership of Wisconsin LLC?
Appointing others to speak for your owns is a complicated insurance policy contract involving complicated means of reassurance by state support, limitations to top level management control concerns in up and departing internal activities.
How do research market financiers functions with background lawsuits involving LLC party structures in the state of Wisconsin?
Procedural understanding of structure and intents will assist market financiers in avoiding hardship of corporate tension with lawsuits, defects, miscellaneous release openings, adoption and compatibility bridging.
How do I reinstate a Wisconsin business?
You can reinstate a Wisconsin business by filing an application with the Wisconsin Department of Financial Institutions.
How long does it take to reinstate a Wisconsin business?
It can take up to two weeks for the process of reinstating a Wisconsin business to be completed.
What fees do I need to pay to reinstate a Wisconsin business?
The filing fee for reinstating a Wisconsin business is $65.
What documents do I need when reinstating a Wisconsin business?
You will need to file a Wisconsin Corporation or LLC Reinstatement form along with any state tax payment documentation.
Can I reinstate a Wisconsin business after it has been dissolved for a long time?
Yes, you can reinstate a Wisconsin business even if it has been dissolved for a long time by filing an application with the Wisconsin Department of Financial Institutions.
How far back can I reinstate a Wisconsin business?
You can reinstate a Wisconsin business as far back as seven years from the date of dissolution.
What happens if I don’t reinstate a Wisconsin business that has been dissolved?
If you don’t reinstate a Wisconsin business that has been dissolved, the state may seize your business assets.
Can I reinstate a Wisconsin business that was previously revoked?
Yes, you can reinstate a Wisconsin business that was previously revoked by filing an application with the Wisconsin Department of Financial Institutions.
Do I need to file new business paperwork when reinstating a Wisconsin business?
No, you do not need to file new business paperwork when reinstating a Wisconsin business.
Can I continue using my Wisconsin business name after it has been dissolved?
No, you cannot continue using your Wisconsin business name after it has been dissolved.
What taxes do I need to pay after reinstating a Wisconsin business?
You will need to pay any state taxes that were due during the time your Wisconsin business was dissolved.
What if I have outstanding debts when reinstating a Wisconsin business?
You will need to pay any outstanding debts to creditors before reinstating a Wisconsin business.
Can I do business while my Wisconsin reinstatement application is pending?
No, you cannot do business while your Wisconsin reinstatement application is pending.
Can I appeal a Wisconsin business reinstatement denial?
Yes, you can appeal a Wisconsin business reinstatement denial with a hearing request.
How do I cancel a Wisconsin business reinstatement request?
You can cancel a Wisconsin business reinstatement request by submitting a written withdrawal request.
Do I need to provide a reason for reinstating a Wisconsin business?
No, you do not need to provide a reason for reinstating a Wisconsin business.
Can I reinstate a Wisconsin business that was voluntarily dissolved?
Yes, you can reinstate a Wisconsin business that was voluntarily dissolved by filing an application with the Wisconsin Department of Financial Institutions.
What happens to my Wisconsin business’s employees during reinstatement?
Your Wisconsin business’s employees will not be affected by reinstatement.
Can I reinstate a Wisconsin business if I am no longer the owner?
No, you cannot reinstate a Wisconsin business if you are no longer the owner. The new owner will need to file a new business application.
Can I reinstate a Wisconsin business if I am bankrupt?
Yes, you can reinstate a Wisconsin business if you are bankrupt.
What is the statute of limitations for reinstating a Wisconsin business?
There is no statute of limitations for reinstating a Wisconsin business.
Can I reinstate a Wisconsin nonprofit?
Yes, you can reinstate a Wisconsin nonprofit by filing an application with the Wisconsin Department of Financial Institutions.
How do I know if my Wisconsin business is active or inactive?
You can check the status of your Wisconsin business by searching the Wisconsin Department of Financial Institutions online database.
Do I need to provide articles of incorporation when reinstating a Wisconsin business?
Yes, you need to provide articles of incorporation when reinstating a Wisconsin business.
Can I reinstate a Wisconsin business if it was terminated?
Yes, you can reinstate a Wisconsin business if it was terminated by filing an application with the Wisconsin Department of Financial Institutions.
Can I expedite the Wisconsin business reinstatement process?
No, there is no option to expedite the Wisconsin business reinstatement process.
Can I use an attorney to reinstate a Wisconsin business?
Yes, you can use an attorney to reinstate a Wisconsin business.
Can out-of-state businesses reinstate a Wisconsin subsidiary?
Yes, out-of-state businesses can reinstate a Wisconsin subsidiary by following the same filing process.
How do I update my Wisconsin business’s information after reinstating it?
You can update your Wisconsin business’s information by filing the necessary changes with the Wisconsin Department of Financial Institutions.

Also Read

Conclusion

Reinstating a business in Wisconsin can be complex and time-consuming. However, following the steps outlined in this guide, you can successfully reinstate your business and resume operations. Remember to stay diligent in maintaining compliance with state laws and regulations to avoid future issues and ensure the continued success of your business.

Leave a Comment