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Wisconsin Certificate of Good Standing (Status) for a Domestic LLC or Corporation
A Wisconsin Certificate of Good Standing (Status) for a domestic LLC, corporation, or other entity includes the following information::
- Entity name
- The entity was formed or incorporated under the laws of the Wisconsin
- Formation or incorporation date
- Duration term (ex. if less than perpetual)
- An annual report has been filed (once the entity has completed it initial report year)
- The entity has not filed Articles of Dissolution
Wisconsin Certificate of Good Standing (Status) for a Foreign LLC or Corporation
An out-of-state (foreign) entity registered to do business in Wisconsin may request a Certificate of Good Standing (Status) from the state. This document includes the following information
- Entity name used in the state
- The entity is authorized to transact business in Wisconsin
- Foreign qualification date
- An annual report has been filed (once the entity has completed it initial report year)
- The entity has not filed a Certificate of Withdrawal
Wisconsin Certificate of Good Standing FAQs
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What is a Wisconsin (WI) Certificate of Good Standing (Status)?
A Certificate of Good Standing is an official state document that verifies that a business is in compliance with a state’s good standing requirements, such as the filing of an annual report and payment of required state taxes and fees.
In Wisconsin, this document is known as a Certificate of Status and is issued by the Wisconsin Department of Financial Institutions. In other states, this document may also be known as a “certificate of existence” and be issued by the Secretary of State’s office.
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Why is “good standing” important for your business?
Being in good standing with the state allows a corporation, LLC, or other statutory entity to maintain the rights and privileges of doing business in that state. A business in Wisconsin may need to provide a Certificate of Good Standing (or the equivalent) when expanding to other states or for financing, business transactions, and business licensing. The loss of good standing can mean fines, losing the ability to file a lawsuit, not being able to do business in other states, and ultimately the administrative dissolution of your business.
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Does my LLC or corporation need a Wisconsin Certificate of Good Standing (Status)?
If you plan on expanding your business to another state, you may need to provide a good standing certificate as part of the process for registering your business in that state. For example, if a Wisconsin LLC wishes to establish an office in Illinois, it will need to provide a good standing certificate when registering as a foreign LLC in Illinois, as well as have an Illinois registered agent.
Lenders, investors, and vendors can require a good standing certificate before doing business with a company. A certificate may be required for licensure or for certain business transactions, such as a merger or acquisition.
Wisconsin does not require a Certificate of Good Standing (Status) when forming an LLC or corporation in the state, although it may be necessary to obtain a certificate for one of the reasons listed above.
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How do I get a Wisconsin Certificate of Good Standing (Status)?You can obtain a Wisconsin Certificate of Good Standing online today from CT Corporation or contact us for additional information.
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*State fees are mandatory fees imposed by the state. Price includes online discount automatically applied at checkout. Discount is for new customers only.