Wisconsin Gun Purchase Laws?

I was thinking about purchasing a hand gun for target shooting. I'm aware that there is a waiting period when you are buying from stores, but that is not the case when you are purchasing from private sellers (gun show or let's say a friend), correct? When you do purchase the gun, would you have to register it somewhere? I'm not planning on getting a concealed carry permit as I see no use for carrying a handgun, but any information on that would be appriciated also.

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