Why Do You Need A Wyoming Reinstatement For Your LLC Or Corporation?
Failure to comply with state obligations can lead to bad standing, which may cause administrative dissolution. Wyoming reinstatement is the process of returning non compliant companies to good standing so they can continue doing business legitimately.
What Is Needed To File For Reinstatement?
The definition of “good standing” varies depending on state laws. That is why the Wyoming reinstatement process also differs throughout the country. In Wyoming, the state administratively dissolves a company if it stays in bad standing for 60 days. If that happens, your company will lose all the benefits that come with its entity type.
To regain the advantages of companies that are active or in good standing, it is necessary to submit formal paperwork and complete several steps.
An administratively dissolved LLC in Wyoming has to file a Limited Liability Company Application for Certificate of Reinstatement with the Secretary of State. Meanwhile, corporations need to submit a Profit Corporation Application for Certificate of Reinstatement form.
You will also need to submit all missed annual report forms and payments. However, if the cause of your company’s involuntary dissolution is the failure to maintain a registered agent, you will have to include a Statement of Change by Entity form and a Consent to Appointment by Registered Agent form.
If the cause of the dissolution of your LLC is missed annual reports, you can file them online. But if you failed to maintain a registered agent, you will have to file in paper form. Corporations need to print the forms and submit in paper form.
How Much Will It Cost To Reinstate?
LLC – An administratively dissolved LLC in Wyoming needs to pay $50 if the cause of dissolution is the failure to submit annual reports. If it is due to failure to maintain a registered agent, the Wyoming reinstatement fee is $300. Additionally, you should settle all delinquent taxes and fees. The annual report costs the same as the normal fee, which is a minimum of $50.
Corporation – To reinstate your Wyoming corporation, you will have to pay an amount depending on the cause of dissolution. If it is due to delinquent annual reports, the fee is $50. For a corporation that failed to maintain a registered agent, the reinstatement fee is $250. Aside from those, you need to pay all past-due fees and taxes. Each delinquent annual report costs at least $50.
How Long Will This Process Take?
LLC – The Secretary of State normally finishes processing LLC reinstatement filings within a week. However, if you filed online, they will process it immediately.
Corporation – Processing corporate Wyoming reinstatement documents takes about a week. The Secretary of State will send you a stamped Certificate of Reinstatement once they finish.
What Is Required On The Forms?
LLC – A Wyoming LLC will have to provide the following information:
- LLC Name
- Filing ID Number
- Mailing Address
- Principal Address
- Value Of Assets In Wyoming In The Last Fiscal Year
- Name And Email Of Filer
- Credit Card Information, If Applicable
Corporation – Requesting the reinstatement of a Wyoming corporation requires you to disclose the following information:
- Corporation Name
- Filing ID Number
- Mailing Address
- Principal Address
- Names, Addresses, And Titles Of Officers And Directors
- Value Of Assets In Wyoming In The Last Fiscal Year
- Name And Email Of Filer
What Cannot Be Changed On The Forms?
LLC – You cannot change your registered agent information on your reinstatement form. You have to use a Statement of Change form.
Corporation – The Wyoming reinstatement form does not allow you to change the registered agent, especially if you file online. The Statement of Change by Business Entity and Consent to Appointment by Registered Agent forms are necessary.
What If My Company’s Name Is In Use When I Need To Reinstate?
Another business entity can take your company name while you are under administrative dissolution. If it is no longer available when you reinstate, you will have to use a new one.
How Can DoMyLLC Assist With Streamlining?
Returning your company to good standing requires you to complete the Wyoming reinstatement process. This involves formal paperwork. If you think you need help in dealing with the transactions, do not hesitate to contact a reliable third-party organization like DoMyLLC.
If you are looking for a team of experts that has experience in ensuring company compliance with state obligations, then you are in luck. We can give you a personalized solution to fit the needs and situation of your company. Our partnership can also extend beyond the reinstatement. We provide live support and other services that can help keep your company in good standing.
Wyoming Reinstatement FAQS
If you are only filing for reinstatement due to delinquent annual reports and fees, you cannot change the registered agent. However, you may be able to do that if the dissolution is because of the failure to maintain a registered agent. What is important is that you file the Statement of Change by Business Entity and Consent to Appointment by Registered Agent forms.
You can only miss up to two annual report filings.
Wyoming gives administratively dissolved companies two years to reinstate. After that, you had to start over as a new business entity.
Wyoming Business Resources
Wyoming Office of Secretary of State
Phone Number:
(334) 242-5324
Address:
Wyoming Secretary of State
Business Division 2020 Carey Avenue, Suite 700
Cheyenne, WY 82002