![]() If it’s time to file your Wisconsin Annual Report now, this page will walk you through the filing instructions. If you just started your Limited Liability Company, you won’t have to file this until next year (just bookmark this page for later). That would be a classic example of interstate commerce where you're, if all your operations are in Wisconsin, you have the product here in Wisconsin, you do it yourself, the likelihood that you need to register in a foreign, another state, as a foreign LLC is very low because all you're doing is everything in Wisconsin and then shipping it across state lines using, in our example, let's say UPS, not you going there at all but the more you're reaching out doing business in other states, with physical locations, employees, you traveling there things like that, you may form nexus with the state and then need to file as a foreign LLC doing business in that state.Deal alert! Northwest, our favorite company, is formingĮvery Wisconsin LLC needs to file an Annual Report each year to renew their LLC. In this case, it looks like it's still a paper form that you send by mail, so they don't have the online filing option there but I'll just go back on camera briefly here, at the end, to say that would be the process of registering as a foreign LLC and in today's video, I was just hoping to explain more about that term 'Foreign LLC' because when it comes up, it can sound confusing but the key concept is because we have 50 states and we're all under one federal government, you can do business in multiple states and it would be particularly onerous on businesses if they had to form 50 entities in every state they do business, especially, for interstate commerce, example, think of selling items on eBay, where you're all here in Wisconsin, you're just shipping products to other states. So here's some examples issuing credit cards or travel and entertainment cards to customers in Wisconsin, regularly selling products or services of any kind or nature, to customers in Wisconsin that receive the product or service in Wisconsin regularly, soliciting business from potential customers in Wisconsin, regularly performing services outside Wisconsin for which the benefits are received in Wisconsin, regularly engaging in transactions with customers in Wisconsin that involved tangible property or excuse me, intangible property and result in receipts flowing to the corporation from within Wisconsin, holding loans secured by real or tangible personal property located in Wisconsin, owning directly or indirectly a general or limited partnership interest in a partnership that does business in Wisconsin, regardless of the percentage of ownership, owning directly or indirectly an interest in the limited liability company that does business in Wisconsin regardless of the percentage of ownership if the limited liability company is treated as a partnership for federal income tax purposes. So that's a mouthful but essentially, they're talking about a off or occasional transaction, once in 30 days that doesn't occur very often, wouldn't require you to register, transacting business and interstate commerce so interstate commerce is the movement of services and goods between two states, so from like Illinois to Wisconsin, a truck traveling with goods from Illinois through Wisconsin to Minnesota, interstate commerce, just doing that would not require you to register. Selling to independent contractors, lending money, here's a good one to note, owning without more property, so let's just say you just own a piece of real estate or property in the state of Wisconsin, they're saying without doing more than that just owning it, doesn't require you to register as a foreign LLC and other states often have this one, conducting an isolated transaction that is completed within 30 days and that is not won in the course of repeated transactions of a like nature. Just maintaining a bank account in Wisconsin, would not require you to register. So if you have an LLC in California and for some reason, you have a meeting of members in Wisconsin, internal meeting that wouldn't require it. Holding meetings of the board of directors, shareholders or members or carrying other activities concerning internal corporate affairs. For example, maintaining, defending or settling any civil criminal, administrative or investigatory proceeding in a state, does not require you to file as foreign LLC. So that would be different department of insurance but a lot of states have exceptions for certain activities that they don't define as constitute as doing business in the state, thus not requiring you to file as a foreign LLC. ![]()
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