Wyoming Issuance of Common Stock in Connection with Acquisition

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Multi-State
Control #:
US-CC-12-1932A
Format:
Word; 
Rich Text
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Description

This is an Issuance of Common Stock in Connection with Acquisition, to be used across the United States. This form simply is needed when a corporation wishes to issue, and/or sell, common stock in the company, with regard to an acquisition.
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FAQ

Authority to transact business required. (a) A foreign corporation may not transact business in this state until it obtains a certificate of authority from the secretary of state.

The difference lies primarily in the way that ownership, by way of shares, is distributed. In a close corporation, shares of the corporation are generally held by only a small number of people and are not available for sale or purchase in the public markets.

Closed corporations are companies with a small number of shareholders that are privately held by managers, owners, and even families. These companies are not publicly traded and the general public cannot readily invest in them.

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.

Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this act to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by the requisite number of members of the board.

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.

Wyoming shareholders have the right to inspect and corporate books and records, including: minutes of both shareholder and director meetings, accounting records, list of shareholders, by-laws, and articles of incorporation.

The Wyoming Close LLC Asset Protection Advantages: The Wyoming Close LLC makes it harder for a member to be forced to withdraw out of the LLC should the member get into financial trouble. The Wyoming Close LLC makes it harder, if not impossible for a creditor of a member to force a dissolution of the Wyoming Close LLC.

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Wyoming Issuance of Common Stock in Connection with Acquisition