Wisconsin corporate bylaws organize the current statutes that a company’s governing board has instituted to define the corporation. This step is considered vital to a Wisconsin corporation’s ability to interact with private institutions and government entities such as banks or the I.R.S.
Wisconsin does not impose any laws that obligate a corporation to initiate an official set of bylaws however, it does have default laws that a corporation must use to govern itself if that corporation has not issued an official set of bylaws. This can be problematic when a corporation has specific needs thus, many would recommend that Wisconsin corporations determine and formally adopt their bylaws as early as its first board meeting.
Is it REQUIRED in Wisconsin?
No. Wisconsin Statute § 180.0206 makes it allowable for corporations in this state to implement their bylaws but makes no requirement for this.