Wisconsin Student Entrepreneur LLC Form 502SE
This document is the Articles of Organization for a Limited Liability Company in Wisconsin specifically for student entrepreneurs. It is mandatory to use this form if all organizers and members are enrolled in a postsecondary institution. Follow the instructions carefully to ensure proper submission.
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How do I fill this out?
Filling out this form begins with gathering the essential information about your limited liability company and its organizers. Make sure all organizers are at least 18 years old and enrolled in a postsecondary institution. Follow the instructions step by step to ensure accurate completion of the form.
How to fill out the Wisconsin Student Entrepreneur LLC Form 502SE?
1
Gather the required information about your LLC and its organizers.
2
Fill out the Articles of Organization form with accurate details.
3
Have all organizers sign the form for verification.
4
Submit the form to the State of Wisconsin Department of Financial Institutions.
5
Keep track of your annual report requirements after submission.
Who needs the Wisconsin Student Entrepreneur LLC Form 502SE?
1
Students enrolled in postsecondary institutions looking to start a business.
2
Entrepreneurs wanting to formalize their business structure as an LLC.
3
Business mentors assisting student-led ventures in Wisconsin.
4
Investors interested in supporting student entrepreneur initiatives.
5
Educational institutions promoting entrepreneurship among students.
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What are the instructions for submitting this form?
To submit Form 502SE, send the completed form to the State of Wisconsin Department of Financial Institutions, Box 93348, Milwaukee, WI 53293-0348. If submitting via express mail, use the address: 4822 Madison Yards Way, 4th Fl, North Tower, Madison, WI 53705. If you have questions, you can contact the Division of Corporate & Consumer Services at 608-261-7577 or via email at DFICorporations@dfi.wisconsin.gov.
What are the important dates for this form in 2024 and 2025?
For 2024, ensure to file your annual report according to your incorporation quarter. The deadlines are March 31, June 30, September 30, and December 31, depending on when your entity is created. For businesses established in 2025, similar due dates apply.
What is the purpose of this form?
The purpose of Form 502SE is to officially register a Limited Liability Company (LLC) for student entrepreneurs in Wisconsin. This form is designed for those who are at least 18 years old and enrolled in a postsecondary institution. It streamlines the process of forming an LLC and ensures compliance with Wisconsin State law.
Tell me about this form and its components and fields line-by-line.
- 1. Name of the limited liability company: The unique name under which the LLC will operate.
- 2. Organized under Chapter 183: Indicates that the company is formed under Wisconsin statutes.
- 3. Initial registered agent name: The individual or entity that will receive legal documents on behalf of the LLC.
- 4. Email address of registered agent: Contact email for the registered agent for communication.
- 5. Registered office address: Physical address where the registered agent can be reached.
- 6. Principal office address: Address of the main place of business.
- 7. Organizer's details: Names and addresses of company organizers.
- 8. Optional provisions: Space for including additional company provisions as necessary.
What happens if I fail to submit this form?
If the form is not submitted, the LLC cannot be legally recognized in Wisconsin, resulting in potential liabilities for the business. Additionally, failing to file on time may lead to fines and the inability to conduct business legally.
- Legal Recognition: Without submission, your business cannot operate under Wisconsin law.
- Financial Penalties: Late or missing submissions may incur fines.
- Lack of Business Support: Inability to access legal protections and business opportunities.
How do I know when to use this form?
- 1. Starting a Business: Use this form to formally register your LLC.
- 2. Entrepreneurship Programs: Educational programs may require this documentation for student-led projects.
- 3. Seeking Funding: Investors often request this form to validate the business structure.
Frequently Asked Questions
What is Form 502SE?
Form 502SE is the Articles of Organization for creating a Limited Liability Company specifically for student entrepreneurs in Wisconsin.
Who should use this form?
This form should be used by students enrolled in postsecondary institutions who want to start a business as a limited liability company.
How can I edit this PDF?
You can edit this PDF by using our editing tools available in PrintFriendly's PDF editor.
Do I need to sign the document?
Yes, at least one organizer must sign the document for it to be valid.
How do I submit this form?
Submit the completed form to the Wisconsin Department of Financial Institutions by mail or in person.
What is the filing fee?
There is no filing fee for Form 502SE, but optional expedited service incurs a fee of $25.
When is the annual report due?
Annual report due dates depend on your incorporation date and must be filed each year.
Can I submit this form online?
Currently, the submission must be done via mail or in person.
What happens if I fail to submit this form?
Failing to submit this form can result in legal implications for your business and potential fines.
Is assistance available?
Yes, you can contact the Division of Corporate & Consumer Services for help with this form.
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