Vermont

VERMONT

Name

Must contain words Incorporated, Corporation, Company, Inc., Corp., Co., Limited Liability Company, Limited Company, Limited, Ltd., LLC, L.L.C., LC or L.C.

Information about Directors and Officers

Company must have at least three Directors. If the Corporation has fewer than three shareholders, number of directors may be equal to or greater than number of shareholders. One person cannot hold offices of President and Secretary. No age or residence requirement. It is not required to list Directors and Officers in the Articles of Incorporation.

Requirements for address

Home address can be considered as company address. P.O. Box is not admissible.

Registered Agent

Registered Agent is required if you do not live or have an office in Vermont. Otherwise, you can be your Own Registered Agent.

Shares/Stock information

No limit on number of shares to authorize. No extra filing fees based on number of shares or amount of pr value.

Annual statement

Every domestic Corporation and every foreign Corporation authorized to do business in Vermont must file an annual report with the Secretary of State within two and one-half months after the expiration of its fiscal year. The annual fee for a domestic Corporation is $25.

State fees

$75 filing fee.

Income tax rate

7% on Vermont net income of $10,000 or less; $700 plus 8.10% of excess between $10,001 and $25,000; $1,915.00 plus 9.20% of excess between $25,001 and $250,000; $22,615.00 plus 9.75%) of excess over $250,000. Minimum tax, $150.

Franchise tax

No franchise tax.

S Corporations

Status is recognized by the State. Separate State election from the federal election is not required.

License requirements

Most businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession.

Corporate records

The Articles of Incorporation and Bylaws; resolutions, minutes, all written communications to shareholders within past 3 years, a list of names and addresses of its current directors and officers, and its most recent annual report must be kept at the principal office.

For more information visit:

www.sec.state.vt.us
www.state.vt.us/tax
www.leg.state.vt.us

Call: 1-561-776-7922
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