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Dfi Corp 502 2012-2026

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Initial registered agent: Article 4. Street address of the initial registered office: (The complete address, including street and number, if assigned, and ZIP code. P O Box address may be included as part of the address, but is insufficient alone.) Article 5. Management of the limited liability company shall be vested in: (Select and check (X) the one appropriate choice below) a manager or managers OR its members Article 6. Name and complete address of each organizer: Organizer’s...

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What is the DFI Corp 502?

The DFI Corp 502, officially known as the Articles of Organization for Limited Liability Companies (LLCs) in Wisconsin, is a legal document required for establishing an LLC in the state. This form is filed with the Wisconsin Department of Financial Institutions (WDFI) and serves as the foundational document that outlines the structure and purpose of the LLC. It includes essential information such as the LLC's name, registered agent, and the address of the principal office.

Key Elements of the DFI Corp 502

When completing the DFI Corp 502, several key elements must be included to ensure compliance with state regulations. These elements typically encompass:

  • Name of the LLC: The name must be unique and include "Limited Liability Company" or abbreviations like "LLC" or "L.L.C."
  • Registered Agent: This is an individual or business entity designated to receive legal documents on behalf of the LLC.
  • Principal Office Address: The physical address where the LLC's main operations will occur.
  • Duration: The period for which the LLC will operate, which can be perpetual unless otherwise stated.

Steps to Complete the DFI Corp 502

Filling out the DFI Corp 502 involves a series of straightforward steps:

  1. Gather necessary information about the LLC, including its name, registered agent, and address.
  2. Access the official DFI Corp 502 form through the WDFI website or other authorized platforms.
  3. Carefully fill out all required fields, ensuring accuracy and compliance with state guidelines.
  4. Review the completed form for any errors or omissions before submission.
  5. Submit the form electronically or by mail to the WDFI, along with any applicable filing fees.

Legal Use of the DFI Corp 502

The DFI Corp 502 is essential for the legal formation of an LLC in Wisconsin. Once filed and approved, it grants the LLC legal status, allowing it to conduct business, enter contracts, and protect its members from personal liability. It is crucial to ensure that the information provided is accurate and complies with Wisconsin state laws to avoid potential legal complications.

Form Submission Methods

The DFI Corp 502 can be submitted using various methods to accommodate different preferences:

  • Online Submission: The preferred method for many, allowing for quick processing and confirmation of filing.
  • Mail Submission: Physical copies of the completed form can be mailed to the WDFI, though this may take longer for processing.
  • In-Person Submission: Individuals may also choose to submit the form in person at designated WDFI offices.

Required Documents

In addition to the DFI Corp 502 form, certain documents may be required for a complete submission. These can include:

  • Operating Agreement: While not mandatory, it is advisable to have an internal document outlining the management structure and operational procedures of the LLC.
  • Filing Fee Payment: A fee must accompany the submission, which varies based on the method of filing.

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Quoting Instructions for Articles of Organization (FL LLC) :FILING ONLINE OR BY MAILThese instructions are for the formation of a Florida Limited Liability Company pursuant to s.605.0201, F.S., and cover the minimum requirements for filing Articles of Organization.Your Articles of Organization may need to include additional items that specifically apply to your situation. The Division of Corporations strongly recommends that legal counsel reviews all documents prior to submission.The Division of Corporations is a ministerial filing agency. We cannot provide any legal, accounting, or tax advice.Limited Liability Company NameThe name must be distinguishable on the records of the Department of State.You should do a preliminary search by name before submitting your document.The name must include:Limited Liability Company, LLC or L.L.C.; ORChartered, Professional Limited Liability Company, P.L.L.C. or PLLC if forming a professional limited liability company.Do not use or assume the name is approved until you receive a filing acknowledgment from the Division of Corporations.Principal Place of Business AddressThe street address of the LLC’s principal office.Mailing AddressThe LLC’s mailing address, if different from the principal address. (P.O. Box is acceptable.)Registered Agent Name and AddressThe individual or legal entity that will accept service of process on behalf of the business entity is the registered agent.A business entity with an active Florida filing or registration may serve as a registered agent.An entity cannot serve as its own registered agent. However, an individual or principal associated with the business may serve as the registered agent.The registered agent must have a physical street address in Florida. (Do not list a P.O. Box address.)Registered Agent’s SignatureThe registered agent must sign the application.The signature confirms the agent is familiar with and accepts the obligations of s.605.0113(3), F.S.If a business entity is designated as the Agent, a principal (individual) of that entity must sign to accept the obligations.If filing online:The registered agent must type their name in the signature block.Pursuant to s.15.16, F.S., electronic signatures have the same legal effect as original signatures.NOTE: Typing someone’s name/signature without their permission constitutes forgery pursuant to s.831.06, F.S.Limited Liability Company PurposeA Professional Limited Liability Company (which is formed under both Chapter 605 and Chapter 621, F.S.) must enter a single specific professional purpose. Example: the practice of law, accounting services, practicing medicine, etc.Non-professional companies are not required to list a purpose, but may do so.Manager/Authorized RepresentativeThe names and street addresses of the authorized representatives or managers are optional.Manager: a person designated to perform the management functions of a manager-managed limited liability company. Use MGR.Authorized Representative: a person who is authorized to execute and file records with the Division of Corporations. Use AR. See 605.0102(8), F.S., for more information.A Manager or Authorized Representative may be an individual or business entity.Do not list members.NOTE: If you are applying for workers’ comp exemption or opening a bank account, Florida’s Division of Workers’ Compensation and your financial institution may require this information to be designated in the Department of State’s records.Effective DateAn LLC’s existence begins on the date the Division of Corporations receives and files your Articles unless your Articles of Organization specify an acceptable alternate “effective” date.LLCs can specify an effective date that is no more than five business days prior to, or 90 days after, the date the document is received by our office.If you are forming your LLC between October 1 and December 31st, but don’t expect to transact business until the next calendar year, avoid filing an annual report form for the upcoming calendar year by listing an effective date of January http://1st.By specifying January 1st as the effective date, your LLC’s existence will not officially begin until January 1st of the following calendar year, even though your entity is already on the Division’s records.The January 1st effective date will allow you to postpone your LLC’s requirement to file an annual report form for one calendar year.SignatureMust be signed by at least one person acting as the authorized representative.If filing online: The authorized representative must type their name in the signature block. Electronic signatures have the same legal effect as original signatures.Correspondence Name and EmailPlease provide a valid email address.If filing online: The filing acknowledgment and certification (if any) will be emailed to this address.All future email communications will be sent to this address.Keep your email address up to date.Certificate of StatusYou may request a certificate of status.This item is not required.A certificate of status certifies the status and existence of the LLC and verifies the LLC has paid all fees due to this office through a certain date.Fee: $5.00 eachCertified CopyYou may request a certified copy of your Articles of Organization.This item is not required.A certified copy will include a filed stamped copy of your Articles of Organization and will verify that the copy is a true and correct copy of the document in our records.Fee: $30.00 eachAnnual Report NoticeEvery LLC is required to file an annual report to maintain an “active” status in our records.If the limited liability company fails to file the report, it will be administratively dissolved.The filing period for annual reports is January 1st to May 1st of the calendar year following the LLC’s date of filing or, if listed, its effective date.The annual report is not a financial statement.The report is used to confirm or update the entity’s information on our records.

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