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A Wyoming Certificate of Good Standing is what, exactly?
A CGS is a document that verifies that a corporation is properly formed and is operating within the law. A CGS is required for most businesses that operate out of Wyoming. If you are looking to incorporate a business in Wyoming, you must obtain a CGS certificate.
The CGS is filed with the Secretary of State’s office in each county where the business operates. Only one copy is kept on file. You must provide proof of payment of fees and submit a completed application form with a $25 filing fee.
You cannot use a CGS certificate to open a bank account or to apply for a loan. However, it does allow you to register a trade name, open a business checking account, and pay taxes.
What Wyoming office is responsible for issuing Certificates of Good Standing?
The Office of Secretary of State provides certificates of good standing to businesses that are incorporated, licensed or registered in Wyoming. These include corporations, limited liability companies, partnerships, unincorporated associations and individuals.
A corporation, LLC, partnership or unincorporated association must pay $25 to apply for a certificate. An individual must pay $10.
Businesses that incorporate or register in another state must submit proof of incorporation or registration along with a fee of $100.
For information about obtaining a certificate of good standing, contact the SOS at (307) 777-7200.
What is confirmed by the Certificate of Good Standing?
A Wyoming Certificate of Good Standing (CGS) confirms your business’ legal existence. If you want to start a business, it’s important to know what documents are required. You might think that filing a fictitious name certificate is enough, but there are some additional requirements you need to meet. For example, a CGS is needed to open a bank account.
The Wyoming Secretary of State’s office says that a CGS is required for any type of business organization in Wyoming. If you’re starting a sole proprietorship, LLC, corporation, nonprofit organization, or limited liability company, you’ll need to file an application for the CGS. In addition, you’ll also need to pay $50 and submit a copy of your Articles of Organization.
If you don’t already have a registered agent, you’ll have to apply for one too. An agent serves as the representative of a corporation, partnership, or unincorporated association. They make sure that the paperwork gets filed properly, and they can help you avoid fines.
You’ll also need a federal Employer Identification Number (EIN). This number is used for tax purposes. To obtain an EIN, you’ll either need to register online or call the IRS directly.
Once you’ve completed all of the above steps, you’ll receive a letter confirming your registration. You’ll need to keep this documentation safe because it’s proof of your legal status.
What could cause a company to require a Wyoming Certificate of Good Standing?
A good standing certificate will help prevent potential customers from being turned off by your lack of compliance with state regulations. If you are expanding into another state, it is important to ensure that you have proper licensing for your business. In addition, a good standing certificate will make it easier for businesses to obtain financing because lenders won’t want to risk losing money due to a lawsuit against your business. Finally, a good standing certificate helps you avoid fines and penalties for operating illegally.
Who in Wyoming is eligible to apply for a CGS?
Any Wyoming entity can apply for an agricultural general science permit. This includes farmers, ranchers, processors, packers, dairies, feedlots, seed companies, egg producers, food manufacturers, distributors, importers, exporters, and others. There are no filing fees associated with obtaining a CGS.
A CGS does not require you to register your facility with the state. You don’t even need to provide proof of ownership. If you’re applying for a CGS, you’ll simply fill out one online form and submit it.
How to Get a Wyoming Certificate of Good Standing
A Certificate of Good Standing lets your Wyoming LLC show that it was properly formed and has remained continuously registered since its formation, even though there might be gaps in registration. You will need to fill out an online form and pay $25 to apply for a Certificate of Good Standing. If you want to renew your good standing every five years, you will need to do so each time you register your business.
You cannot use a Certificate of Good Standing to establish liability insurance coverage for your Wyoming LLC. However, you can use it to prove that your Wyoming LLC has maintained continuous corporate status.
Frequently Asked Questions
Where can I obtain Wyoming-certified copies?
Wyoming law requires that anyone seeking a copy of a birth certificate must go through the state’s Bureau of Vital Statistics. However, there are exceptions to this rule. For example, you can apply directly to the Wyoming Secretary of State – Business Division, where you will receive a certified copy without having to pay a fee. If you do not live in Wyoming, you can still request a certified copy of your birth certificate online. You will need to provide some basic personal information such as your name and date of birth. After receiving your request, it typically takes about 10 days for your request to arrive.
How to Dissolve an LLC in Wyoming
If you operate a Wyoming limited liability company (LLC), chances are good that you’ve been approached by someone looking to buy into your business. But what happens if you decide to sell the whole thing off? You’ll want to make sure you’re properly dissolving your LLC. Here’s how to go about doing just that.
First things first: close out your business tax accounts. This includes state sales taxes, federal income taxes, and federal payroll taxes. You won’t be able to file an LLC dissolution without closing those accounts.
Next, file the articles of dissolution. These are documents filed with the Secretary of State’s office that formally end the existence of your LLC. They must be filed within 90 days of the date you choose to dissolve your LLC.
Finally, pay any outstanding fees associated with the dissolution process. There are filing fees involved, plus additional costs depending on whether you’re filing electronically or via paper form.
The Wyoming LLC Dissolution Guide provides step-by-step instructions for dissolving your LLC. We cover everything from choosing a dissolution date to creating the forms themselves. And we include sample forms you can use to complete the process yourself.
James Rourke is a business and legal writer. He has written extensively on subjects such as contract law, company law, and intellectual property. His work has been featured in publications such as The Times, The Guardian, and Forbes. When he’s not writing, James enjoys spending time with his family and playing golf.