True." Hello everyone, welcome to another video of Delawareagency.com. In today's video, we're going to briefly talk about what an annual report is, why it is important to file your reports on time as a business owner, and how you can file them online in a few simple steps in the state of Wyoming. An annual report in Wyoming is a financial summary of your business's activities throughout a year. The due dates for Wyoming annual reports are by the first of your anniversary month for LLCs and corporations. For example, if you formed your business on May 15th, 2019, you will need to file your 2019 annual report by May 1st, 2020. If you fail to file your annual report on time, the state will dissolve your business within 60 days, which means you will no longer be able to conduct business in Wyoming. To get your business back into active status, you will need to file your annual report up to that date and also file for reinstatement. The fee for filing an annual report is $50 or 2/10 of 1 million on the dollar of assets located in Wyoming, whichever amount is greater. There is also a convenience fee starting from $2. Now let's go through the process of filing an annual report ourselves. Here, we have the Wyoming Secretary of State Business Center's Entity Search Wizard. We will search for our entity name. Once we find it, we can confirm that this is the business we want to see by looking at the details provided, including the registered agent information. By clicking on the "File Annual Report" option, we will be directed to a page with instructions on how to file the report. The page also includes information about the due date and the convenience fee table. To begin the filing...
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