Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.
One of the benefits of using a limited liability company (LLC) to operate your business is the “liability shield” that can protect LLC owners (members) from personal liability. However, this shield is not absolute.
On July 4, 2025, President Trump signed into law P.L. 119-21, referred to as the One Big Beautiful Bill (“OBBB”). This legislation contains numerous tax code changes, including the permanent extension of portions of the 2017 Tax Cuts and Jobs Act (“TCJA”).
It is common in many business transactions, such as buying or selling a company or preparing loan agreements, to require a corporation, LLC, or similar entity to provide a certificate of good standing from the Secretary of State. But if you ask a Wisconsin corporation or LLC for such a certificate, you won’t get it.