SB 36

This bill allows a corporation, limited liability company, limited liability

partnership, or incorporated cooperative to select the month in which it will file its

annual report with the Department of Financial Institutions and file the annual

report on any day within that month on which DFI receives such filings.

Current law requires a domestic corporation, LLC, LLP, or cooperative to

deliver its annual report to DFI during the calendar year quarter in which the

anniversary date of the business's formation occurs. For a foreign corporation, LLC,

or LLP, the annual report must be delivered to DFI during the first quarter of each

calendar year, regardless of when it became authorized to do business in Wisconsin.

This bill allows these domestic business entities to identify in their articles of

incorporation, articles of organization, or statements of qualification, as applicable,

the month in which they will file their annual reports. A foreign business entity may

identify, in its registration to do business in Wisconsin, the month in which it will file

its annual report. For both domestic and foreign business entities, if the business

entity does not identify such a month, the deadlines under current law for filing an

annual report continue to apply.