Wyoming Amendment

Deciding on changing some aspects of your business can be both exciting and overwhelming. On the one hand, it opens your company to new possibilities and opportunities. But, on the other hand, it also comes with responsibilities. As a business owner, you have to be ready to handle these.

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What is A Wyoming Amendment?

Wyoming companies have to register with the state to legalize their operations. Because of this, you have to follow all state regulations. Among these is the filing of formal paperwork when changing certain aspects of your company. When it comes to changes to the Articles of Incorporation/Organization of your company, the state requires the filing of an amendment.

Reasons Why You Need To File An Amendment

To ensure compliance with the state, you should know when it is necessary to file an amendment. Generally, if the changes your company wants to adopt affects the structure of your business, you will have to file an amendment with the state.

A. Changing The Company Name –

LLCs

The name of your LLC is registered with the state. That is why it is necessary to report any changes to your company name. Submit an amendment to inform the Secretary of State about your plan to do business under a new name. Additionally, your company also needs to update all official records.

Corporations

The same is true for Wyoming corporations. Your business name represents your company. Any changes to it have to be reported to the state. After making sure that the name you want to use is available, you have to file an amendment with the Secretary of State. Doing this will formalize your decision.

B. Changing Members Of The Business –

LLCs

The Articles of Organization of your Wyoming LLC contains a list of the names, addresses, and contact information of the members and/or managers of your company. You will have to report any changes regarding the items you submitted through an amendment.

Corporations

As for corporations, the Articles of Incorporation includes pieces of information related to the officers and directors. Your company submitted a list of their names, addresses, and contact information. Filing an amendment will update the records of the state. You may also do this through the annual report.

C. Changing Address Related To The Business – Wyoming does not allow companies to update their operating address through an amendment. However, you have to make sure that the Secretary of State knows when there are changes to your business address. You can report this by filing an Update Form.

D. Changing Contact Information –

LLCs

The contact information of your Wyoming LLC serves as a way for the Secretary of State to reach your company. Make sure the records of the state are up to date so they can easily contact you for legal concerns. You can use the Update Form from the Wyoming Secretary of State.

Corporations

The same rule applies to Wyoming corporations. You have to report any changes to the contact information of your company. This way, you can be sure that the Secretary of State can access your company if it has to. You can use the Update Form from the Wyoming Secretary of State.

E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Wyoming does not allow LLCs to issue stock. This amendment has no relevance to them. But, Wyoming corporations are not the same. You should properly inform the state if you plan on changing the number of shares that your company is authorized to issue.

What Is Needed To File An Amendment?

LLC

Wyoming LLCs have to submit the completed Limited Liability Company Amendment to Articles of Organization to the Secretary of State. You have to file 2 copies by mail or in person. You also need to pay a $50 filing fee.

Corporation

As for corporations, you will have to submit the completed Profit Corporation Articles of Amendment form in duplicate. File the form with the Secretary of State by mail or in person. It also comes with a $50 filing fee.

How Can DoMyLLC Assist With Streamlining The Process?

Making changes to a company’s formation documents require proper completion and filing of paperwork. Depending on the changes, you may also have to take care of other documents. To help ease the process, you can turn to a reliable document filing company like DoMyLLC. Our team can provide support and assistance to Wyoming business owners who need help in handling formalities to ensure compliance with the state.