Wyoming Sample Letter for Reinstatement of Corporation
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How to fill out Sample Letter For Reinstatement Of Corporation?
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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.
Formal LLC Dissolution. 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.
Steps to Reinstate a Wyoming Corporation Go to the Wyoming Secretary of State Website. ... Appoint a New Wyoming Registered Agent. ... Unfiled Back Annual Reports. ... File Documents and Pay Fees. ... Await Approval.
Wyoming laws on close corps allow small corporations to forego many traditional corporate formalities, while still enjoying the benefits. A departure from regular business corporations, Close Corporations do not require a board of directors, this means ongoing operations generate less paperwork.
After 60 days, the Secretary of State will commence Administrative Dissolution. When this happens, your LLC has legally forfeited your Articles of Organization or your Certificate of Authority. You can no longer legally operate your business in Wyoming. Your liability protections no longer apply.
To reinstate a Wyoming LLC you must visit the Secretary of State website reinstatment page. You will need your Business Filing ID Number, which is issued to you when you first form your Wyoming LLC. If you have forgotten your ID Number, you can do a Business Name Search and find it.
To dissolve your Wyoming Corporation, you submit in duplicate the completed Profit Corporation Articles of Dissolution by Incorporators or Initial Directors or Profit Corporation Articles of Dissolution by Shareholders form to the Secretary of State by mail or in person, along with the filing fee.
The reinstatement fee for a Wyoming LLC is $100. However, you'll also have to pay to file each late annual report ($60 for LLCs with less than $300,000 in assets). The penalty for failing to appoint and maintain a registered agent is $350.
