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How to use or fill out UCT-7937, Election to Exclude Principal Officers This form is used by employers to elect out of payi with our platform
- 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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