- Vote to Dissolve: The members of the LLC should conduct a vote to dissolve the company. This decision should be documented in the company’s records.
- Settle Debts and Obligations: Before dissolution, the company should settle any outstanding debts, obligations, or liabilities.
- Distribute Remaining Assets: After settling debts, distribute any remaining assets among the members according to the LLC’s operating agreement or based on members’ shares.
- File Articles of Dissolution: Submit the Articles of Dissolution with the Wyoming Secretary of State. There may be a filing fee associated with this.
- Cancel Permits and Licenses: Ensure that any business licenses, permits, or registrations specific to Wyoming are canceled to avoid future fees or liabilities.
- Notify the IRS: Close your EIN account with the IRS by sending a letter indicating the reason for closing the account.
- File Final Tax Returns: Ensure that all required state tax returns are filed, and indicate that these are the final returns.
It’s crucial to ensure that all steps are followed meticulously to avoid any legal complications or unexpected liabilities in the future. It’s also advisable to consult with a legal or business professional during the dissolution process to ensure all requirements are met.