Wisconsin Uniform Partnership Act Revised

At the end of March, a revised Uniform Partnership Act was signed into law in Wisconsin.  The new Chapter 178 of the Wisconsin Statutes will take effect on January 1, 2018.  However, partnerships can choose to opt in and be governed by the revised Act after July 1, 2016.  In addition, current partnerships can elect to continue to be governed by the previous law by filing paperwork to opt out of the revised Act prior to January 1, 2018.

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