{"data":{"id":"us-wi/wis.-stat.-183.0108","jurisdiction":"us-wi","citation":"Wis. Stat. § 183.0108","heading":"Nature, purpose, and duration of limited liability company.","body":"(1) A limited liability company is an entity distinct from its member or members.\n(2) A limited liability company may have any lawful purpose, regardless of whether for profit. A limited liability company engaging in a business that is subject to the provisions of another chapter may organize under this chapter only if not prohibited by, and is subject to all limitations of, the other chapter.\n(3) A limited liability company has perpetual duration.\n(3m) An interest in a limited liability company may be a security, as specified in s. 551.102 (28) (e).","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 183 Uniform Limited Liability Company Law","SUBCHAPTER I GENERAL PROVISIONS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/183.0108","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:03Z","sha256":"f81fca5ada22efe3e4a2d5180b359089fe84a73833b86379e4f8b8a202bc4f1f","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-183.01075","next":"us-wi/wis.-stat.-183.0109"},"notice":"GroundRules: Original legal text. Not legal advice."}