UCT-7937, Election to Exclude Principal Officers This form is used by employers to elect out of payi-2025

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The document outlines the process for a corporation in Wisconsin to elect to exclude its principal officers from coverage under the state's Unemployment Insurance Act, as per Section 108.025 of Wisconsin Statutes. It specifies that this exclusion applies to officers with a substantial ownership interest (25% or more) and requires the submission of their details. The election remains effective if the corporation's taxable payroll is below $500,000 for subsequent years. Additionally, it includes instructions for completing the form and legal implications for false statements.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your corporation's name and WI UI Account Number at the top of the form.
Indicate the effective date for excluding principal officers from coverage under Wisconsin’s Unemployment Insurance law.
For each principal officer with a substantial ownership interest (25% or more), fill in their name, percentage of ownership, title in the corporation or LLC, and social security number.
Confirm that there are no employees other than corporate officers at this time by checking the appropriate box.
Certify that your corporation's taxable payroll was less than $500,000 for the previous calendar year and ensure that the signing corporate officer has authority to act on behalf of the corporation.
Finally, provide the date, corporate officer's name, telephone number, and signature before submitting the form.

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Versions	Form popularity	Fillable & printable
2016	4.5 Satisfied (21 Votes)
2014	4.6 Satisfied (31 Votes)

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UCT-7937, Election to Exclude Principal Officers This form is used by employers to elect out of payi-2025

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