Wyoming LLC renewal

[Reboot]

I have a Wyoming LLC that I ended up not using, the agent is asking for the renewal fee or dissolution fee, what happens if I just don't renew or dissolve the company? It gets closed anyway?

 

[Clip]

I have a Wyoming LLC that I ended up not using, the agent is asking for the renewal fee or dissolution fee, what happens if I just don't renew or dissolve the company? It gets closed anyway?

Gets closed after one year and you need to end up paying Wyoming penalty fees

 

[JohnLocke]

Do you know if someone outside the US ever had to pay the penalties? I mean, what if you simply don't pay them will they go after you?

 

[Reboot]

I wonder if they won't let you in the future open a new one, at least ion the same state.

 

[Mark Rucken]

You can just stop paying fees, but the company will stay in the Registry for years to come. Given that WY Registry is publicly available, someone, for whatever reason, could in 4 years go to the Registry and see you had LLC in that State. If you decide to dissolve it for good (and pay dissolution fees), LLC will be deleted from the Registry. Out of curiosity, how much are they asking for dissolution?

Otherwise, you should not have problems if you decide just to let it go, no penalties, no charges, no travel ban etc.

 

[JohnLocke]

So from that point of view it would be better with a New Mexico company where there isn't a public register of companies with UBO visible right?

 

[Mark Rucken]

So from that point of view it would be better with a New Mexico company where there isn't a public register of companies with UBO visible right?

Or Delaware

 

[Reboot]

You can just stop paying fees, but the company will stay in the Registry for years to come. Given that WY Registry is publicly available, someone, for whatever reason, could in 4 years go to the Registry and see you had LLC in that State. If you decide to dissolve it for good (and pay dissolution fees), LLC will be deleted from the Registry. Out of curiosity, how much are they asking for dissolution?

Otherwise, you should not have problems if you decide just to let it go, no penalties, no charges, no travel ban etc.

250 to renew, 100 to dissolve. Through the agent

 

[Mark Rucken]

250 to renew, 100 to dissolve. Through the agent

100 for dissolution is a very good deal, I would take it.

 

[Martin Everson]

250 to renew, 100 to dissolve. Through the agent

Thats a no brainer at that price to dissolve it.

 

[Reboot]

Maybe I'll keep it for another year, just in case

 

[Reboot]

I wonder if the company had no movement does the agent need to file any IRS form or is it just with the WY Secretary of state report?

 

[ivan1911]

Core

So from that point of view it would be better with a New Mexico company where there isn't a public register of companies with UBO visible right?

Correct me if I'm wrong but Wyoming has registry where only registry agent is visible and LLC name , nothing more.. ubo isn't shown anywhere ...

 

[iloveyouguys]

I wonder if the company had no movement does the agent need to file any IRS form or is it just with the WY Secretary of state report?

You are personally obligated to file IRS forms.
In your case, 1040NR and 1120.

 

[Reboot]

Quick questions, if you file for LLC dissolution, are the banks or emis where you have accounts notified?