State of Wisconsin Registration
Once you have your business name and business checking account established you must register with the State of Wisconsin since you will be conducting business in the state, as well as possibly collecting sales tax.
If you are selling anything tangible you will be required to obtain a Seller’s Permit. If you will have employees you are required to obtain a withholding number. In both cases since you are also required to obtain a Registration Certificate you will be able to receive these numbers at the same time with the same application.
Form BTR-101 is the registration form that the state requires to be filled out. It may be completed online or by the mail. If you file the form online I highly recommend you print out a copy first since you will be doing some information gathering when completing the form.
Part A – New Business
Part B – Select all applicable areas
Part C – Depends on business structure you have chosen -If you choose an LLC, select both LLC and Disregarded as an entity separate from it owner.
Part D – NAICS codes can be found from my website here: http://www.naics.com/search.html
Part E – Estimate the date of when your first sale will be made (2 weeks from today).
Estimate your monthly sales – depending on your estimates you will be required to file a sales tax return either annually, quarterly, monthly or by the 20th of the following month.
Estimated monthly purchases subject to USE tax. I will write an additional blog post on USE tax in the near future as this seems to be a trouble spot with new business owners that purchase products for re-sale.
Yes to business being operated all 12 months
Leave line 3 & 4 blank (your fiscal year ending date will be December 31)
Part F – Enter date of when you think your first payroll will be made. Under Item #2 again they are asking what your estimated withholding tax will be, as with sales tax the report and deposit of the withholding will be contingent on your answer.
Part G – Your name address etc. If you are an LLC, your title is Member
Part H – Fill in information about your business checking account you just opened up.
With the state’s new “My Tax Account”, they have made it very easy to file reports and deposit taxes due.
After the state receives your application, a Registration Certificate will be mailed back to you with your Seller’s Permit Number, your Wisconsin
COST = $20.00 (two years, $10.00 annual renewal afterward)
