In 2023, Wisconsin received $80 million in federal aid to boost small business development. The state has eased regulations for LLCs, allowing verbal operating agreements. Despite the recommendation for a written agreement, the change simplifies processes. Steps to set up an LLC in Wisconsin include choosing a unique business name, selecting a registered agent with a physical address, submitting the Articles of Organization with a $170 filing fee, and writing an optional operating agreement. An Employer Identification Number (EIN) is required for tax purposes. The cost includes filing fees and potential annual report fees. Wisconsin's pros include increased investment in small businesses, an online management system, and personal asset protection. However, cons involve annual reporting and complex taxation for multi-member LLCs. The choice between LLC and other business structures depends on factors like risk and fundraising goals.