On January 1, 2023, the revised Wisconsin business laws go into effect. Among the changes, is a complete overhaul of Chapter 183, leading to the creation of the Wisconsin Uniform.
The new business entity act, 2021 Wis. Act 258, repeals and recreates Wis. Stat. chapter 183 to adopt the most recent version of the Revised Uniform Limited Liability Company Act. Certain Wisconsin-specific provisions are included in what this article cal
The new business entity act, 2021 Wis. Act 258, repeals and recreates Wis. Stat. chapter 183 to adopt the most recent version of the Revised Uniform Limited Liability Company Act. Certain Wisconsin-specific provisions are included in what this article cal
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Defendant Burnette seeks indemnification from the defendant-limited liability company for the expenses he incurred in successfully defending a lawsuit brought by plaintiff, a co-member of the LLC. Both the Limited Liability Company Act (LLC Act) and the Business Corporation Act (BCA) authorize indemnification of expenses incurred “in connection with the proceeding.” However, the LLC Act .