Some Wisconsin companies realize that it is necessary to welcome changes to help the business grow. Making that decision can be hard. However, knowing what to do to properly implement the changes can help.
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In Wisconsin, businesses have to formalize the changes that they make to the items originally listed on the Articles of Incorporation/Organization. The state requires the filing of the proper paperwork. This process is called an amendment.
There are various paperwork and processes, so you may find them confusing. Generally, if the changes that your Wisconsin company plans on making will affect the formal entity structure of your company, you will need to file an amendment.
A. Changing The Company Name –
No matter what your reason is in changing the name of your Wisconsin LLC, you have to go through the legal process. Submit an amendment to the Department of Financial Institutions to inform the state about your plan. Additionally, you will also have to update all government and state records.
Conducting business in Wisconsin using a new name requires you to file an amendment with the Department of Financial Institutions. Doing this will help make sure that the use of the new company name is legal. Aside from this, you will also have to change official and legal records.
B. Changing Members Of The Business –
Unlike other states, Wisconsin does not require LLCs to include information about members and/or managers on the Articles of Organization. That is why you do not have to file an amendment even if there are changes to the names, addresses, or contact information of these officials. You can update them in the annual report.
Likewise, Wisconsin corporations do not report the names, addresses, and contact information of their officers and directors on the Articles of Incorporation. Your company does not have to worry about filing an amendment in case there are changes to these pieces of information. You can just update the changes in the annual report of your corporation.
C. Changing Address Related To The Business – Wisconsin does not allow businesses to use an amendment form to report changes in their office addresses. Your company does not have to file an amendment even if its office moves to a different location. You are expected to change the information on the annual report of your company.
D. Changing Contact Information –
The contact information of your Wisconsin LLC can help the state reach your company. You have to report any changes. The Articles of Amendment form has a section for contact information, which includes the phone number and email address.
If you decide to change the contact information of your Wisconsin corporation, inform the state. This way, the state can easily contact your company in case it has concerns or queries. You can include the update on the phone number and email address on the Articles of Amendment.
E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Wisconsin LLCs do not issue shares. This type of amendment does not affect them. But, if your Wisconsin corporation decides to change the number of shares that it is authorized to sell, you will have to file an amendment. Not only will it inform the state, but it will also formalize your decision.
