Form UCT-7937 Election to Exclude Principal Officers - Wisconsin

What Is Form UCT-7937?

This is a legal form that was released by the Wisconsin Department of Workforce Development - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form UCT-7937?
A: Form UCT-7937 is a Wisconsin state form used for election to exclude principal officers from unemployment insurance coverage.

Q: Who can use Form UCT-7937?
A: Principal officers of a corporation or limited liability company (LLC) in Wisconsin can use Form UCT-7937.

Q: What is the purpose of Form UCT-7937?
A: The purpose of Form UCT-7937 is to allow principal officers to elect to exclude themselves from unemployment insurance coverage, which means they will not be eligible to receive benefits.

Q: How do I complete Form UCT-7937?
A: You need to provide information about your company, including its name, address, and federal employer identification number (FEIN), as well as the names and titles of the principal officers. You also need to sign and date the form.

Q: Is there a deadline for submitting Form UCT-7937?
A: Yes, Form UCT-7937 must be submitted within 30 days of the date the corporation or LLC was formed or acquired in Wisconsin, or within 30 days of the date a new principal officer is appointed.

Q: Can I revoke the election to exclude principal officers?
A: Yes, you can revoke the election to exclude principal officers by submitting a written request to the Department of Workforce Development, Unemployment Insurance Division.

Q: Are there any consequences for excluding principal officers?
A: Excluding principal officers from unemployment insurance coverage means they will not be eligible to receive benefits if they become unemployed.