Incorporation in Wisconsin

Find the right Business Incorporation attorney in Mequon, WI

By Wisconsin law, a business that has incorporated is identified thereafter as its own legal entity. As a separate entity from the owners, the business is then considered to be operating on its own when it buys and sells property, assents to contracts and exercises legal rights. To incorporate in Wisconsin, a business must file with the Secretary of State in compliance with particular guidelines.

Benefits of Incorporation in Wisconsin

There are distinct advantages to incorporating a business. Most importantly, liabilities the business accrues may be satisfied only by assets that the owners have specifically invested in it. Without incorporation, the personal property of business owners is at stake should the company become unable to satisfy its debts. Furthermore, banks in the Mequon area prefer to evaluate the credit worthiness of a business as a whole rather than that of individual owners. This makes the process of receiving corporate loans simpler. Finally, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

Costs of Incorporation

Incorporation comes at a price. First, Wisconsin might charge a filing fee to process applications for incorporation. Also, the corporation will pay taxes as its own entity. In other words, the profits a corporation makes are now taxed separately, while any disbursements to shareholders are taxed as individual income. This is called double taxation. However, a business might avoid this disadvantage with proper planning and assistance from a local Mequon lawyer.

Talk to a Business Law Attorney now!

Life in Mequon

Mequon, Wisconsin is a city located in Ozaukee County. Its population is about 23,000 people. It was recently ranked very highly among the top 20 small cities in the U.S. to live in.

The area now known as Mequon was inhabited by various Native American tribes thousands of years before the arrival of white settlers in the early to mid 1800s. Around that time, about 20 German families established a sort of sub-community called "Freistadt" which means "Free City" in German. They came to the United States to escape religious persecution in their native land. The families were Lutheran, and Germany at the time was predominantly Catholic. They established the first Lutheran Church in Wisconsin. Freidstadt is now a neighborhood within the city limits of Mequon, Wisconsin.

Nowadays, Mequon, Wisconsin is a quiet, affluent suburb of Milwaukee. The median household income in Mequon is over ,000, and less than 2% of the population lives below the poverty line.

There are plenty of lawyers in and around Mequon, Wisconsin to serve the residents and businesses of the area. Mequon's affluence and proximity to a large city means that a large percentage of Mequon, Wisconsin lawyers are used to handling complex and sophisticated cases, making it all the more likely that a Meqon, Wisconsin lawyer will be able to take whatever type of case you are likely to have.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA