The UnSussexfulls can say whatever they want, there is no lost check! All companies incorporated in the State of Delaware are required to file an Annual Report along with a filing fee of $25. The letter clearly states they need to file their 990 annual report AND a check so they submitted nothing for 2022. The 990 reports are a pain if you have a lot of contributors and/or outgoing distributions (donations out)* but Archwell doesn't. They could have used a 990N or 990EZ form that shouldn't have taken more than an hour or two to complete...but they have NO staff to compile it. If the Delaware Secretary of State functions like most states, they received a delinquency letter every quarter. Additionally, Delaware requires a yearly Franchise Tax Payment ($250-$300 depending on if it's an LLC or Corp). If all of these conditions are not met within two years, the company is automatically dissolved. I think they are hoping it will be shut down and that they can move away from the failure that is Archwell (like how they have archwell.com redirect to the new sussex.com). I truly believe that Rachel stupidly thinks if Archwell shuts down, they can just roll the remaining $$$ out but that's not how it works. If she can't even get a simple annual report filed, how on earth is she going to handle sales tax for all of her online product sales as required?
*I spent 13 years compiling 990 reports for, at that time, the largest Super PAC in my state.
