Big news for Wisconsin LLCs—Wisconsin passed a new limited liability company law and it takes effect on January 1, 2023. The new Wisconsin Uniform Limited Liability Company Law (the “New LLC Law”) incorporates major changes to LLC law and automatically applies to any LLC (a) formed after January 1, 2023 and (b) any LLC formed…
Tag: Wisconsin
What is a B corporation? A benefit corporation is a new type of entity created by the Wisconsin legislature to allow for-profit businesses to adopt a corporate structure that requires consideration of the public good as well as profits. Accordingly, the best interests of a benefit corporation (sometimes called a B corporation) extend beyond the…