Business Formation

Why do I need an Operating Agreement for my LLC?

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There are two key documents with regards to forming an LLC in Wisconsin. The first is the Articles of Organization, which is filed with the Wisconsin Department of Financial Institutions (WDFI). The second is the Operating Agreement, which outlines the agreement between the members (which could be thought of as the “partners” in the business.) […]

Business Formation

Difference between LLC and LLP (part 1 of 3)

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Those starting a business often wonder what the difference is between an LLC and an LLP. In Wisconsin it can be a lot different. The first major difference is that one is a Corporation, the other is a partnership. This may seem obvious, but it can have very severe tax differences and liability differences. There […]

Business Formation

Where is the real value? In the Company or the Employees?

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Often, when a company is looking to acquire another business, it looks at all of its gleaming equipment and its wonderful balance sheet as the reason to purchase the company, but in reality all of that success is probably more tied to the employees that work there then the systems or equipment associated with the […]

Business Formation

Why choose an LLC? All of the benefits without a lot of the hassle

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LLCs in Wisconsin have become the entity de-jour for new businesses in Milwaukee and the rest of the state. The real strength of the LLC is its ease to set up and maintain and its versatility.  An LLC provides all of the liability protection of a Corporation. The same rules generally apply about piercing the corporate veil. […]