Delete Pages From Legal Wyoming Startup For Sole Proprietorship Forms For Free

Filing Fee: $60.00 Make check or money order payable to Wyoming Secretary of State. The business entity is active and in good standing with this office. Processing time is up to 15 business days following the date of receipt in our office. Please mail with payment to the address at the top of this form.

There are two ways to dissolve a Wyoming partnership: Don't file your annual report and let the partnership be administratively dissolved by the Wyoming Secretary of State. File the dissolution certificate with the Wyoming Secretary of State.

After dissolution, a corporation is generally expected to pay all its existing debts and then liquidate its remaining assets to its shareholders. This sometimes becomes difficult, however, where there are unknown claims that may exist against the corporation.

A formal dissolution requires submitting Articles of Dissolution and a $50 check to the Wyoming Secretary of State. Once received, there is a 3-5 day processing time before the documents are filed online and the company is formally closed.

To close an LLC completely, you need to file a final tax return with the state and the IRS. Make sure you check the box to show this is the final return for the LLC. Fill out Schedule K-1 and give a copy to each member so that they know what to report on their own personal taxes in terms of losses and gains.

You don't have to file a document to ?form? your Sole Proprietorship with the state. However, there are a few things you may need to (or want to) do in order to operate legally. For example, your business may need a license or permit to operate. And it's best practice to open a separate business bank account.