Form Uct 115 E PDF Details

Transferring a business in Wisconsin involves a significant step of filing the Uct 115 E form, crucial for both the former and the new business owners. This specific form, managed by the Department of Workforce Development Division of Unemployment Insurance, serves as a comprehensive report for any business transition, whether it be through sale, acquisition, or reorganization. Located in Madison, WI, the department uses the information provided on this form to update records related to unemployment insurance, a key aspect affected by business transfers. It's essential for both parties involved to detail the legal and operational changes, such as ownership percentages, the relationship between the previous and new owners, and the effective dates of the transfer. Furthermore, options available to the new owner/operator regarding the unemployment insurance experience of the former owner are outlined, emphasizing the necessity of timely application based on specific periods within the year. Methods of transfer like sale, lease, or merger, and details about assets transferred are also part of this report. Continuity of the business, including whether it has remained in the same location and if the operation remained uninterrupted post-transfer, is another significant element. Lastly, the form asks for specifics on the nature and scope of the transferred business, including the number of employees carried over, hence painting a full picture of the transaction's impact on employment and the legal succession of the enterprise.

QuestionAnswer
Form NameForm Uct 115 E
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesReceivership, Sept, SSN, Jan

Form Preview Example

Department of Workforce Development Division of Unemployment Insurance

PO Box 7942

Madison, WI 53707-7942

Telephone: (608) 261-6700

Fax: (608) 267-1400

http://dwd.wisconsin.gov/ui

Report of Business Transfer

(Sale, Acquisition, or Reorganization)

Section 108.16(8) Wisconsin Statutes

Personal Information you provide may be used for secondary purposes [Privacy Law s. 15.04(1)(m), Wisconsin Statutes]. Provision of your social security number (SSN) is voluntary; not providing it could result in an information processing delay.

1. Former Owner/Operator

Employer Legal Name

Unemployment Insurance Account Number

 

 

Telephone Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name

Federal ID Number

 

 

Form of Ownership (CHECK ONE)

 

 

 

 

 

 

 

 

 

Individual

 

 

Partnership

 

 

 

 

 

 

 

 

Current Mailing Address (Street or PO Box, City, State, Zip Code)

 

 

 

 

Limited Partnership

 

Corporation

 

 

 

 

 

 

Limited Liability Co.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LLC Electing to be Treated as a Corporation

 

 

 

 

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Physical Location of Transferred Business

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name(s) of Partner(s), Member(s), Stockholder(s)

 

 

 

 

 

SSN

 

 

Ownership

Continue on additional page if necessary

 

 

 

 

 

 

 

Percentage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. New Owner/Operator

Employer Legal Name

Unemployment Insurance Account Number

 

Telephone Number

 

 

 

 

 

 

 

 

 

 

Trade Name

Federal ID Number

 

Form of Ownership (CHECK ONE)

 

 

 

 

 

 

Individual

 

Partnership

 

 

 

 

 

 

 

 

 

Limited Partnership

 

 

Corporation

Current Mailing Address (Street or PO Box, City, State, Zip Code)

 

 

 

 

 

 

 

 

 

Limited Liability Co.

 

 

 

 

 

 

LLC Electing to be Treated as a Corporation

 

 

 

 

 

 

 

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

Name(s) of Partner(s), Member(s), Stockholder(s)

 

 

 

SSN

 

 

Ownership

Continue on additional page if necessary

 

 

 

 

 

Percentage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Relationship Between Parties in 1 and 2 Above

Are the new owner/operator(s) the same or related to the former owner/operator(s)? For example, married, parent/child, common partners, stockholders, officers or parent business and subsidiary.

Yes No

If yes, identify the relationship(s)

4. Effective Dates

Date transfer

____/____/____

became effective

 

Date last operated by

____/____/____

former owner/operator

 

Date first operated by

____/____/____

new owner/operator

 

5. Options for New Owner/Operator

 

You may have an option to acquire the Unemployment Insurance experience of the former owner.

If the date of

 

You must

 

 

 

An applicaton to acquire this experience must be filed by the appropriate date. See chart at right.

change is:

 

apply by:

 

 

 

 

 

 

 

Check one of the following statements

Jan. 1 to March 31

 

July 31

 

 

This is my application to acquire the account experience of the former owner

April 1 to June 30

 

Oct. 31

 

 

 

 

 

I do not want to acquire the account experience

July 1 to Sept. 30

 

Jan. 31

 

 

 

 

 

I have not yet received the former owner's account information

Oct. 1 to Dec. 31

 

April 30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UCT-115-E (R. 08/02/2010)

6. Method of Transfer

 

 

Sale

 

 

Foreclosure

 

 

Sale of corporate stock

 

 

Management contract

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

 

Cancellation of lease

 

 

Merger or consolidation

 

 

Inheritance

 

 

 

Reorganization (change

 

 

Bankruptcy sale

 

 

Receivership

 

 

Other:

 

 

 

 

 

 

 

 

 

 

 

 

of legal form)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. Assets Transferred

 

 

Real Estate

 

 

Machinery and equipment

 

 

Franchises & licenses

 

 

None

 

 

 

 

 

 

 

 

 

 

 

 

Inventories

 

 

Furniture and fixtures

 

 

Goodwill

 

 

Other (explain):

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

 

Accounts Receivable

 

 

Customer lists

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. Continuation of Business

 

Has the new owner/operator continued to operate the same business activity without interruption?

 

Yes

 

No

 

Has the owner/operator continued to operate the same business activity in the same location? (If No, give

 

 

Yes

 

 

No

 

address of new location below).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you answered "No" to either question above, explain fully

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Street Address

 

 

 

 

 

City

State

Zip Code

9. Number of Employees

How many employees worked in the transferred business just prior to transfer?

How many employees continued with the new owner/operator?

10. Identify Nature of Business Transferred

What specific business activity was transferred?

11. Total or Partial Transfer

Total transfer of former owner/operator's Wisconsin business operations

Will the former owner/operator continue to have payroll or employees after the transfer date?

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

If yes, explain why

 

 

 

 

 

 

Estimate of last employment date:

___/___/______

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Partial transfer of former owner/operator's Wisconsin business operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type of business kept by former owner/operator

Trade Name

Number of employees kept

Business location street address

 

City

 

 

State

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimate the percentage of former owner/operator's defined (taxable) payroll incurred in the transferred

 

 

 

%

 

 

portion during the 12 months immediately preceding the transfer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12. Signature of Authorized Representative Required: This report is submitted on behalf of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Owner Authorized Representative Name and Position

Signature

 

 

 

Date

 

Phone Number

 

 

 

 

 

 

 

 

 

 

(

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Former Owner Authorized Representative Name and Position

Signature

 

 

 

Date

 

Phone Number

 

 

 

 

 

 

 

 

 

 

(

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Both: Signatures of authorized representatives of both the former and new owners are required above

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contact Person Name and Position

Contact Phone Number

 

 

 

 

 

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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As for the blank fields of this particular form, this is what you need to do:

1. While completing the 2010, be sure to complete all of the needed blank fields within its corresponding part. This will help to facilitate the work, allowing for your details to be processed fast and properly.

Jan writing process described (step 1)

2. Your next step would be to fill out the following blank fields: Current Mailing Address Street or, Names of Partners Members, Individual, Limited Partnership, Limited Liability Co, Partnership, Corporation, LLC Electing to be Treated as a, Other, SSN, Ownership Percentage, Relationship Between Parties in, Are the new owneroperators the, Yes, and If yes identify the relationships.

Tips on how to prepare Jan step 2

3. This third step is generally straightforward - complete all the form fields in Method of Transfer, Sale, Lease, Reorganization change of legal form, Assets Transferred, Real Estate, Inventories, Contracts, Continuation of Business, Foreclosure, Cancellation of lease, Bankruptcy sale, Sale of corporate stock, Management contract, and Merger or consolidation in order to complete the current step.

Writing section 3 of Jan

4. Now start working on this next part! In this case you'll have these Identify Nature of Business, Total or Partial Transfer, Total transfer of former, Will the former owneroperator, Yes, If yes explain why, Estimate of last employment date, Partial transfer of former, Type of business kept by former, Trade Name, Number of employees kept, Business location street address, City, State, and Zip Code blank fields to do.

Yes, City, and Identify Nature of Business in Jan

5. To conclude your form, the final area incorporates a number of additional blank fields. Typing in Signature of Authorized, This report is submitted on behalf, New Owner Authorized, Signature, Former Owner Authorized, Signature, Date, Date, Phone Number Phone Number, Both Signatures of authorized, Contact Person Name and Position, and Contact Phone Number will wrap up the process and you're going to be done in the blink of an eye!

Filling in section 5 in Jan

Be extremely careful while filling in This report is submitted on behalf and Phone Number Phone Number, because this is where a lot of people make mistakes.

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