Wisconsin LLC dissolution with the Wisconsin Department of Financial Institutions
How to dissolve a Wisconsin Limited Liability Company
How do you dissolve a Wisconsin Limited Liability Company?
To dissolve your LLC in Wisconsin, submit Wisconsin Form 510, Articles of Dissolution to the Department of Financial Institutions: Division of Corporate and Consumer Services (DFI) in person or by mail or commercial delivery. Use of the DFI form is not mandatory; you may draft your own articles of dissolution. Forms are available on the DFI website or in your online account immediately, when you sign up for Wisconsin registered agent service with Northwest.
You should include the original document and one exact copy. Also include a check for fees payable to the “Department of Financial Institutions.”
Department of Financial Institutions
Division of Corporate and Consumer Services
PO Box 7846
Madison, WI 53707
Express Mail Address:
345 W. Washington Avenue, 3rd Floor
Madison, WI 53703
Is there a filing fee to dissolve or cancel a Wisconsin LLC?
There is a $20 filing fee for articles of dissolution. Processing may be expedited for an additional $25 fee.
If your LLC is in delinquent status (hasn’t filed the annual report) when you file for dissolution, you have to pay all the fees you owe the DFI or they won’t process the dissolution.
Do you need a Department of Taxation clearance before the Department of Commerce and Consumer Services will accept your dissolution?
The Wisconsin DFI does not require a tax clearance certificate to dissolve your LLC in Wisconsin. However, it is the LLC’s responsibility to make sure they are in compliance with the Department of Revenue’s Final Return requirement. Call the Wisconsin Department of Revenue at (608) 266-0800 for more information about the Final Return.
How long does it take the state to process the filing?
Wisconsin LLC Articles of Dissolution take approximately 5 business days to process.
If you mark documents “for expedited processing” they will be processed by the close of business the next business day for an additional fee.
How long before someone can take your business name?
Your business name can be taken by another business entity immediately upon dissolution. On the articles of dissolution form, you may choose an effective date of dissolution that is not more than 90 days after the date you file the document. An LLC loses the exclusive right to their name on the date of an administrative dissolution.
What is the penalty if you do not dissolve properly and just don’t file your annual reports?
If an LLC does not file an annual report (and pay the fee) within one year of its due date, DFI will determine that grounds exist for administrative dissolution. The DFI will mail the LLC a written notice and the LLC has sixty days from the time notice is received to file the annual report. If the Wisconsin LLC does not file the annual report within sixty days, the DFI will administratively dissolve the LLC.
A Wisconsin LLCs right to exclusive use of its name terminates on the date of administrative dissolution.
A Wisconsin LLC that is merely delinquent may cure its status by filing a current annual report and paying any back annual report fees. To request the appropriate forms to correct the delinquent status call the DFI at (608) 261-7577.
What are the late fees and penalties to re-register if your registration is terminated?
If your domestic Wisconsin LLC is administratively dissolved, and you want to reinstate, you will have to pay delinquent annual report fees as well as the $100 application fee. Filing each late LLC annual report will cost $40.
If you’d like help establishing another company, you may find our incorporation filing service and Wisconsin registered agent service helpful. We provide all the forms and filing instructions you may need in your online account, or you can just hire us to do the filing for you.