21 Apr New Wisconsin Business Entity Package, 2021 Wisconsin Act 258
On Friday, April 15th, 2022, Wisconsin Governor Tony Evers signed the new Wisconsin Business Entity Package, 2021 Wisconsin Act 258 (Act).
Neider & Boucher co-founder and shareholder, Joe Boucher, chaired the committee that drafted the original Limited liability company law, Wisconsin Chapter 183, effective January 1, 1994. He continued working on LLC law since then and served on the Wisconsin State Bar committee that updated the LLC law which is a substantial portion of the Act. LLCs are currently over 90% of the new entities formed in Wisconsin. Wisconsin’s limited liability company law will be consistent with the most recent national trends. Limited partnership law as well.
There are many changes to limited liability companies and limited partnerships as well as other business entities that we at Neider & Boucher will describe and discuss over time. Stay tuned!