Wyoming Withdrawal of Certificate is a document that is filed with the Wyoming Secretary of State to officially dissolve a Wyoming business. This document declares that the business has been dissolved and the business owners are no longer liable for the debts and obligations of the business. There are two types of Wyoming Withdrawal of Certificate: Voluntary Withdrawal and Mandatory Withdrawal. A Voluntary Withdrawal can be filed when a business is no longer operating and the owners wish to formally dissolve the business. A Mandatory Withdrawal is required when a business fails to meet certain requirements as outlined in the Wyoming Business Corporation Act. In either case, the Wyoming Secretary of State must approve the Withdrawal of Certificate and issue a Certificate of Withdrawal to the business owners.
Wyoming Withdrawal of Certificate
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How to fill out Wyoming Withdrawal Of Certificate?
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FAQ
You can form a Wyoming LLC even if you don't live in Wyoming. Residency in the state, or the USA, is not required to form a company. A majority of LLCs are formed by non-residents. Forming an LLC in Wyoming as a non-resident is the same process as for a resident.
The process is free if done online at the Secretary of State website. By mail, the processing fee is $10.
Why Incorporate in Wyoming? Wyoming is a popular corporate haven due to its lack of taxes and endemic privacy concerns. These factors drive many new incorporations. Wyoming also has the added benefit of allowing you to hold your shares in a Wyoming LLC or a Wyoming Trust for additional asset protection.
What is a Wyoming certificate of authority? Companies are required to register with the Wyoming Secretary of State before doing business in Wyoming. Businesses that are incorporated in another state will typically apply for a Wyoming certificate of authority.
For some, it may be crucial to your business operations and therefore a simple decision. If your LLC conducts business in a state other than the one in which it is registered, it must register separately in that state.
Does my company need a registered agent? All business entities filed in Wyoming shall have and continuously maintain in this state a registered agent to accept service of process. Failure to maintain a registered agent results in the dissolution or revocation of the business entity.
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.
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.