On April 15, 2022, Governor Tony Evers signed Wisconsin Senate Bill 566 into law as 2021 Wis. Act 258 (hereinafter (Act 258), modernizing the Wisconsin business entity statutes. Act 258 goes into effect on January 1, 2023. The primary focus of Act 258 is the adoption of the Revised Uniform Limited Liability Company Act and the Revised Uniform Limited Partnership Act, but it also makes material updates to Wisconsin’s current partnership, corporation, and nonstock corporation statutes. By doing so, the Wisconsin Legislature is taking strides to make Wisconsin an attractive home and market for businesses. Wisconsin Lawyer, June 2022, Vol. 95, November 6, 2022.
Please contact one of our business law attorneys with questions on how this law change may impact your LLC.