Starting a business in Wisconsin, or moving a previously existing business to Wisconsin can be a difficult matter in and of self. But in the case of incorporating in Wisconsin, there is a tremendous level of legal wrangling that is extraordinary difficult to deal with for those who might not be initiated into the ways of incorporating their businesses. With the business law in Wisconsin, it is important to remember that some businesses do not need to be incorporated, while some do. Understanding these different types of needs for incorporation can be difficult in and of self, but it is critical that you understand exactly what it is that you are getting into and that you are prepared to stay the course and incorporate when necessary. First and foremost, you must file an occupational license at the state or local level. Generally, you can file this occupational license at the courthouse in and it will include the entire surrounding county, giving you carte blanche to operate in the area. Incorporating is done at the state level, and requires a registered agent to assist you in the process.
Various Types of Incorporation
With so many different types of incorporation, it can be somewhat confusing and difficult to comply with business law in Wisconsin. First and foremost, it is important to understand that the purpose of corporations are to limit the liability of the individual, meaning the business owner. If you decide to open a sole proprietorship, you leave yourself open to all manner of liability and litigation. If any type of court ruling or court action ever occurs, you will be at the center of the event. Different types of corporations include sole proprietorship, limited liability corporation and all manner of other types of incorporations. Basically, there are different levels of liability and responsibility involved in each. Which of these you decide is up to you and largely depends on how much liability you wish to be responsible for.
Complying With Business Law in Wisconsin
Once you have decided upon what type of corporation you require, you will still have to very likely deal with all manner of other types of legal filings and rulings. Among them is the necessity for some type of liability insurance, which will protect you against property damage, as well as workers compensation insurance, which will protect you and your employees against injury. In some cases, these types of insurance are necessary, but for most industries they are required.
