IOS:: Wisconsin, USA - Limited Liability Company

Tuesday, 7 September 2010

     The State of Wisconsin is situated in the Central US; the time difference with Eastern Standard Time is one hour.
     The world-famous Lake Michigan lies in this State. Numerous other lakes, forests and rivers make the scenery of this State truly unique.
     The motto of the state of Wisconsin is "Forward".
     Registration of companies in Wisconsin is carried out by the Wisconsin Secretary of State, Department of financial institutions.
     In common with other states of the USA, Wisconsin corporate law offers the possibility of establishing a Sole Proprietorship, a General Partnership, a Limited Partnership, and C Corporations. However, the corporate entity that is most appropriate for international business purposes is the Wisconsin Limited Liability Company (LLC). More detailed information about Wisconsin LLC companies is given below.

GENERAL INFORMATION	Total area - 169,652 sq km Population - 5,364,000 Location - click here to see the map of offshore jurisdictions Political status - State of The United States of America Capital - Madison Official language - English Official currency - US Dollar Time zone - GMT - 6
Company type	Limited Liability Company (LLC)
Officers & Shareholders	Management and ownership of Wisconsin LLC companies is vested in the Members of the LLC, who act as both shareholders and officers of the company. The Members may be natural persons or corporate bodies from any legal jurisdiction. Member information is generally stated in the Articles of Organization of the LLC. Wisconsin LLC companies require a minimum of 1 Member, who may act as sole operating officer (i.e. Director/President, Secretary, Treasurer, etc.).
Authorised Capital (Equity)	Standard authorised equity (capital) = USD 50,000. There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names	Company names should end with the words "Limited Liability Company"; "Limited Liability Co." or the suffixes "LLC" or "L.L.C.". Company names containing restricted words such as "Bank", "Insurance", "Trust", "University", "College" etc. will not be permitted unless an appropriate State operating licence has been obtained by the company.
Beneficial Ownership information	There is no statutory requirement for ultimate beneficial ownership information to be disclosed to Wisconsin state authorities.
Filing of Annual Return	An Annual Return must be submitted every 12 months after the date of registration.
Filing of Financial Statement	There is no general requirement to file Financial Statements for an LLC company that has no business activities or income in USA and where management and control is carried out by Members who are not USA residents. All companies must maintain adequate accounting records.
Corporate Taxation	LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are exempt from USA Federal and State corporation taxes.
Tax Treaties	LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are not regarded as resident for tax purposes in USA and therefore are not entitled to take advantage of international Double Taxation agreements concluded by the USA with other countries.
Timeframe for incorporation	2/3 working days. A complete set of company documents can be delivered in 3/4 weeks.
Takeover of management & secretarial services for an existing Wisconsin LLC	Possible, following verification of Beneficial Ownership and discharge of liabilities to previous corporate service providers.
Description of incorporation documents	Click here for itemised description of company documents.
"Ready-made"("Shelf") companies	Today we have 8 "Ready-made" USA companies available (click here for list of companies)
Price of Wisconsin LLC	USD 1,240, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year.
Cost of annual support services	USD 620 per year, including full domiciliary (Registered Agent/Office) costs, annual franchise taxes, Nominee services and legal support services for each year.

INTERNATIONAL OVERSEAS SERVICES has the following comments: -
Wisconsin is the State of choice for many entrepreneurs as the place of incorporation for their non-resident company. Moderate registration fees, convenient company administration and the State's absence from the "blacklists" of various countries are all factors that make Wisconsin one of the most popular locations for registration of non-resident enterprises.
As a whole, it can be said that an LLC incorporated in Wisconsin with the correct nominee structure would serve an entrepreneur as a reliable and prestigious vehicle for effecting his or her international trading and commercial operations.

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