Corporations and limited liability companies. No license
may be issued to any corporation or limited liability company unless
the entity meets the qualifications under § 125.04(5)(a)1
and 4 and (b), Wis. Stats., unless the agent of the entity appointed
under § 125.04(6), Wis. Stats., and the officers and directors,
or members or managers of the entity, meet the qualifications of § 125.04(5)(a)1
and 3 and (b), Wis. Stats., and unless the agent of the entity meets
the qualifications under § 125.04(5)(a)2, Wis. Stats. The
requirement that the entity meet the qualifications under § 125.04(5)(a)1
and (b) does not apply if the entity has terminated its relationship
with all of the individuals whose actions directly contributed to
the conviction.