Wisconsin nonstock corporation 2025

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  1. Click ‘Get Form’ to open the Wisconsin Nonstock Corporation form in the editor.
  2. In Article 1, enter the name of your corporation. Ensure it includes 'corporation', 'incorporated', or an abbreviation like 'corp.' or 'inc.'.
  3. For Article 2, confirm that your corporation is organized under Chapter 181 of the Wisconsin Statutes by checking the appropriate box.
  4. In Article 3, provide the name of your initial registered agent. This person will be responsible for receiving legal documents on behalf of your corporation.
  5. Fill in Article 4 with the complete street address of your initial registered office, including ZIP code. Remember, a P.O. Box alone is not sufficient.
  6. In Article 5, specify the mailing address of your principal office. This can be different from your registered office.
  7. For Article 6, select whether your corporation will have members by marking the appropriate box.
  8. If applicable, provide details about initial directors in Article 7 and any additional purposes for incorporation in Article 8.
  9. Finally, complete Article 9 with the names and addresses of each incorporator and ensure they sign where indicated.

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Non-stock corporations are separate legal entities that provide limited liability protection for the personal assets of members, directors, and officers. Non-stock corporations are utilized by both non-profit organizations and for-profit enterprises.
It is distinct from stock corporations, which are organized primarily for profit. Non-stock corporations, on the other hand, operate not for profit but for purposes such as charitable, educational, cultural, social, fraternal, literary, scientific, civic, or similar objectives.
For those corporations, the new domestication provisions will provide a simple way to change their citizenship from their home state to Wisconsin. A nonstock corporation is a corporation without stock. It may or may not have members. It must have directors.
What is a statutory close corporation? A statutory close corporation can be created under Chapter 180, Subchapter XVIII, of the Wisconsin Statutes. To elect statutory close corporation status, a corporation must have 50 or fewer shareholders at the time it elects close corporation status.
Since the Non-Stock Corporation has no shareholders, it is owned by its members meaning a member-owned corporation that does not issue shares of stock. The qualifications for membership and members are defined in the corporation by-laws. There can be different classes of members such as voting and non-voting members.

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You can use the articles of incorporation form (Form 102) the DFI provides for your nonprofit. You can search for Form 102 on the DFIs business entity forms page. The form includes instructions to help you fill out your articles. Complete and mail your articles to the DFI following the instructions provided.

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