Wisconsin § 224.985 - Required records and reports.
Full text of Wisconsin Wisconsin Statutes § 224.985 — Required records and reports., with citation guidance and answers to common questions.
§ 224.985. Required records and reports.
224.985(1) (1) Record keeping. A licensee shall keep books, accounts, and other records in such a form and manner as required by rule of the division. These records shall be kept at a location and shall be preserved for a length of time as prescribed by rule of the division. 224.985(2) (2) Annual report. Not more than 90 days after the close of a licensee’s fiscal year or upon request of the division, every licensee shall file with the division a report containing all of the following: 224.985(2)(a) (a) Financial statements, including the balance sheet, the statement of income or loss, the statement of changes in capital accounts and the statement of changes in financial position of the licensee. The licensee shall ensure that the financial statements have been audited by an independent certified public accountant and prepared in accordance with generally accepted account principles. 224.985(2)(b) (b) Other relevant information requested by the division. 224.985 History History: 1999 a. 9 , 185 .
Frequently Asked Questions About Wisconsin § 224.985
What does Wisconsin Statutes § 224.985 cover?
Section 224.985 ("Required records and reports.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 224.985?
A common citation format is "Wisconsin Statutes § 224.985" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 224.985 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.