Liability of members and managers

Wis. Stat. § 183.0304
in effect
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(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. (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.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/183.0304Fetched: 10/7/2026
Wis. Stat. § 183.0304 — Liability of members and managers | Wisconsin Statutes (updated through 2025 Wis. Act 247) | Corpus