## Understanding Business Structures Choosing the right business structure is a fundamental step in limiting personal liability. In Green Bay, Wisconsin, your options include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. 1. **Sole Proprietorship and Partnerships**: - These are the simplest forms of business, but they do not provide personal liability protection. This means personal assets can be at risk if the business faces liabilities. 2. **Limited Liability Company (LLC)**: - An LLC provides a flexible management structure and limits personal liability. Registering as an LLC separates personal assets from business liabilities. - To form an LLC in Wisconsin: - File Articles of Organization with the Wisconsin Department of Financial Institutions. - Designate a registered agent in Green Bay. - Create an operating agreement outlining management structure and business operations. 3. **Corporations**: - Offers the stro...
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