Transcription of Limited Liability Companies (LLCs)
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Limited Liability Companies (LLCs)
Limited Liability Companies (LLCs). Publication 119 (5/21). TABLE OF CONTENTS. Page 1. General .. 4. 2. DEFINITIONS APPLICABLE TO LLCs ..4. 3. FORMATION OF AN LLC ..5. Who May Organize an LLC? .. 5. For What Purpose May an LLC Be Organized? .. 5. Who May Become an LLC Member? .. 5. How Is a Member's Interest in an LLC Determined? .. 5. What Is the Nature of an LLC Interest? .. 5. What Are the Requirements in Naming an LLC? .. 5. How Is a Foreign LLC Treated in Wisconsin? .. 6. 4. MANAGEMENT OF LLC ..6. Who Is Responsible For the Management of an LLC?.. 6. How Is the Business Operation of an LLC Managed? .. 6. Who Makes the Decisions for an LLC? .. 6. Are Managers Required to Be Members of an LLC? .. 6. What Are the Responsibilities of a Member For the Liabilities of the LLC?
members limited liability with respect to the liabilities of the entity. • Not required to be registered or organized under any statute of Wisconsin other than 183, Wis. Statsch. . [§183.0102(8), Wis. Stats.] Limited Liability Company Interest - An LLC interest is a member’s rights in the LLC, including the member’s share
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