The detail
What it means in practice.
When a company misses its annual report or tax for long enough, the state dissolves it without asking. The company loses its standing and its name can go to someone else, and the owners may lose their liability protection for the time it was dissolved. Most states allow reinstatement if you pay what's owed plus a fee, within a set period, which is two years in Wyoming.
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It takes about four minutes. You see the whole order, state fee included, before anything is charged.
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