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Wisconsin Business Formation Questions & Answers
1 Answer | Asked in Business Formation and Business Law for Wisconsin on
Q: A friend and I want to merge our separate LLCs within the next few years to make one business. Is this possible legally?
Gregory Byrnes
Gregory Byrnes
answered on Apr 6, 2020

Yes, it is possible. You will want to review the Wisconsin LLC Law under "SUBCHAPTER XII MERGER; CONVERSION" - Here is the statute: If the other company is not a Wisconsin LLC, the steps may be different, but every... View More

Q: What are the first steps in protecting a concept for/of a new business? Does it involve patents or copyright?
Kevin E. Flynn
Kevin E. Flynn
answered on Jan 23, 2019

Might not be a patent. The Supreme Court has recently made it fairly difficult to patent a method of organizing human activity. See the documents used to train patent examiners -- On the other hand,... View More

1 Answer | Asked in Business Law and Business Formation for Wisconsin on
Q: when an LLC is formed and a member invest personal money, is that members personal assets at risk?

In the event of a liability lawsuit or bankruptcy

Glenn B. Manishin
Glenn B. Manishin
answered on Feb 26, 2017

No, that is the legal function of the LLC form, shielding personsal assets of the members absent fraud or commingling.

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