Wyoming Liquidation Proposal
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How to fill out Liquidation Proposal?
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FAQ
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.
Failure to dissolve your business can also leave you open to forms of business fraud, such as business identity theft. Step 1: Get approval of the owners of the corporation or LLC. ... Step 2: File the Certificate of Dissolution with the state. ... Step 3: File federal, state, and local tax forms. ... Step 4: Wind up affairs.
Dissolving a corporation in Wyoming can go one of two ways: Don't file your next annual report and let the Wyoming Secretary of State administratively dissolve your corporation. File Articles of Dissolution with the Wyoming Secretary of State.
Administratively Dissolve a Wyoming LLC This is the least expensive way of winding down your LLC in Wyoming. It does not technically require you to do anything. All you must do is fail to file your annual report. After a 60 day grace period the Secretary of State will place the company in administrative dissolution.
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.
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.
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.
File the appropriate dissolution, surrender, or cancellation SOS form(s) within 12 months of filing your final tax return.