{"data":{"id":"us-wi/wis.-stat.-183.0304","jurisdiction":"us-wi","citation":"Wis. Stat. § 183.0304","heading":"Liability of members and managers.","body":"(1) A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the company. Except as provided in ss. 73.0306, 183.0403, and 183.0406, a member or manager is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the company solely by reason of being or acting as a member or manager. This subsection applies regardless of the dissolution of the company.\n(2) The failure of a limited liability company to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a member or manager for a debt, obligation, or other liability of the company.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 183 Uniform Limited Liability Company Law","SUBCHAPTER III RELATIONS OF MEMBERS ANDMANAGERS TO PERSONS DEALINGWITH LIMITED LIABILITY COMPANY"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/183.0304","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":"a990ae90aa8798e55800c53a57eea238823dc26b820ef7afb8ff790e27e01e78","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-183.0303","next":"us-wi/wis.-stat.-183.0401"},"notice":"GroundRules: Original legal text. Not legal advice."}