What is the difference between a domestic and foreign business entity in Wisconsin?

In Wisconsin, a domestic business entity refers to a company that is formed or incorporated within the state's borders. These entities are subject to state laws and regulations, and their formation follows the specific requirements outlined by the Wisconsin Secretary of State. On the other hand, a foreign business entity refers to a company that is formed or incorporated outside of Wisconsin, in another state or country. When a foreign entity wants to do business in Wisconsin, it must register with the Wisconsin Secretary of State as a foreign corporation, limited liability company (LLC), partnership, or other entity types. This registration ensures compliance with Wisconsin's laws and allows the foreign entity to legally operate and conduct business within the state.