Q: A friend and I want to merge our separate LLCs within the next few years to make one business. Is this possible legally?
A: Yes, it is possible. You will want to review the Wisconsin LLC Law under "SUBCHAPTER XII MERGER; CONVERSION" - Here is the statute: https://docs.legis.wisconsin.gov/statutes/statutes/183/XII/1207. If the other company is not a Wisconsin LLC, the steps may be different, but every jurisdiction I can think of permits mergers. You will also want to consider alternative structures to the transactions such as an asset sale to avoid tax and legal liability. As always, you should speak with an attorney before taking any actions.
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