When this happens, your LLC has legally forfeited your Articles of Organization or your Certificate of Authority. You can no longer legally operate your business in Wyoming. Your liability protections no longer apply.
You have two years in which to pay all fines and fees associated with your dissolution. During this time period, your Wyoming LLC is considered Defunct, but the Secretary of State is willing to allow it to be Reinstated. After two years, you can no longer reinstate your company and must start a new one.
MANDATORY REORGANIZAION FEE - I spoke with TD Ameritrade regarding this fee.
Mandatory Reorganization fees are charged when there is a reverse stock split or a mandatory cash merger. The fee is also charged on some share exchanges where stockholders have no choice in the reorganization as it is mandated by the issuer for all outstanding shares
The cost of a Mandatory Reorganization incurred by TD AMERITRADE is not related to the value of the security being reorganized. TD AMERITRADE does not have control over the reorganization of a stock that you own. If the issuing company mandates reorganization, TD AMERITRADE must effect the reorganization for your account.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.