Wisconsin LLC Changes & Opt-Out Deadline

2021 Wisconsin Act 258 “repeals and recreates chs. 179 and 183,” of the Wisconsin Statutes, which govern LLC’s. The new law, based on the Revised Uniform Liability Company Act, becomes effective January 1, 2023. To “opt out” of the changes, existing LLCs must submit a statement of nonapplicability by December 31, 2022. Should you elect not to opt out, consider amending your existing operating agreement and articles of organization relative to this change. Contact us at 414-446-8800 or info@goldsteinsc.com if you wish to explore opting out of the new law or have questions about how your LLC might be affected.