Wisconsin Corporation

For Wisconsin Corporation prices and State fees, please visit the costs page for forming a Corporation in Wisconsin.

Wisconsin corporation has a couple options for taxation. Standard "C" corporations have one major disadvantage, "double taxation". This situation is when the corporation pays corporate income tax and the shareholders pay income tax on the distribution of the profits, or dividends. In order to have the corporation to be taxed as a partnership or sole proprietorship, the corporation can elect "S corporation" tax status. This requires one additional document to be filed. The "S" election means that the corporation’s profits "pass through" to the shareholders who pay taxes individually, this way there is only one level of taxation.

All corporations and business entities filed with the Wisconsin state office are subject to an annual filing of a statement of information, or annual report. This generally means a small filing fee is required. Wisconsin corporation directors, officers and legal addresses are sent to the state office. corporation state offices generally allow for the filing of this report online, or you can call Companies Incorporated and have your statement filed for you, for a small service fee. This will ensure that your corporation is in good standing with the state office.

The board of directors acts as a managerial body for the corporation. A corporate director is a member of this body and is generally elected by the shareholders. Each director must attend meetings of the board, which must be held no less than once a year. Directors must make sure that major corporate actions are clearly written and were taken behalf of the corporation. Directors have a fiduciary responsibility to the shareholders to keep their best interests in mind.