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Vermont is a northeastern state in the New England region of the United States. It borders the states of Massachusetts to the south, New Hampshire to the east, and New York to the west, and the Canadian province of Quebec to the north. Vermont is the second-least-populated U.S. state and the sixth-smallest by area of the 50 U.S. states. The state capital is Montpelier, the least-populous state capital in the United States.
Vermont has a total area of 9,616 square miles (24,923 km2).
According to The Bureau of Economic Analysis, Vermont had a gross domestic product (GDP) of US$ 30.48 billion in 2019. Its per capita personal income in 2019 was US$ 56,691.
Vermont is the leading producer of maple syrup in the country. Vermont’s economy relies heavily on the service sector. The manufacture of non-electric machinery, machine tools, and precision instruments is important. Cottage industries have long thrived in Vermont, making a variety of products from knitwear to ice cream. Tourism is also vitally important to the state economy.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | Vermont, the corporate tax rate applied for all business entities is capped at 8.5% | |
| Company Name | At the end of the LLC name must have either of these words; “Limited Liability Company,” “Limited Company,” “Ltd. Co.” “LC,” “LLC” or “L.L.C.” The proposed name must not contain the word “Cooperative” or any abbreviation thereof. The proposed name may not include language indicating or implying the LLCs are organized for purposes that are not permitted by the state law The proposed name must be distinctive from other names and it must not be the same, similar, confused, or mistaken with other registered, reserved name or name grant under the chapter or with the Secretary of State | At the end of the corporation name must have either of these words or abbreviations of "Corporation," "Incorporated," "Company" or "Limited." The proposed name must not contain the word “Cooperative” or any abbreviation thereof. The proposed name may not include language indicating or implying the corporations are organized for purposes that are not permitted by the state law The proposed name must be distinctive from other names and it must not be the same, similar, confused, or mistaken with other registered, reserved name or name grant under the chapter or with the Secretary of State |
| Board of Directors | An LLC requires to have at least one or more managers/members. Vermont has no age & residency requirements for the managers/members. Information of the managers/members’ names and addresses are needed to be listed in the Articles of Organization | Corporations are required to have three or more directors unless the number of shareholders is less than three. In this case, the number of directors may be as few as the number of shareholders. Vermont has no age & residency requirements for the directors/shareholders. Information of the managers/members’ names and addresses are needed to be listed in the Articles of Incorporation. |
| Other requirement | Annual Report: LLCs in Vermont require to file the report due annually within three months after the end of your fiscal year. The typical due date is March 31st. Registered Agent: Vermont LLCs require the registered agent to provide the name and physical address with normal business hours to receive government documents. Employer Identification Number (EIN): LLCs with employees or LLCs that want to open a business bank account is required to have an EIN. Vermont is one of many states that require the LLCs to have a state tax identification number. | Annual Report: Corporations in Vermont require to file the report due annually within two and a half months after the end of your fiscal year. The typical due date is March 15th. Stock: In the Articles of Incorporation, the authorized shares and par value must be listed. Vermont is one of many states that require corporations to have a state tax identification number. Registered Agent: Vermont corporations require the registered agent to provide the name and physical address with normal business hours to receive government documents. Employer Identification Number (EIN): Corporation with employees or Corporation that want to open a business bank account is required to have an EIN. |
You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Vermont is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | Yes – 8.5% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 450 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 450 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | Yes – 8.5% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 450 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 450 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee |  |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Vermont Registered Agent Service | |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
To incorporate a Vermont company, the client is required to pay the Government Fee, US$ 450, including
| Description | Download |
|---|---|
| Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)
Application form for Limited Company processing |
 |
| Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)
Application Formation Form LLP LLC |
|
| Description | Download |
|---|---|
| Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)
Business Plan Form for Company Incorporation |
|
| Description | Contact Us |
|---|---|
| Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)
Information Update Form for completing the Registry’s statutory requirements |
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| Description | Download |
|---|---|
| Vermont (C-Corp or S-Corp) Rate card
PDF | 748.50 kB | Updated time: 31 Dec, 2020, 11:11 (UTC+08:00)
Basic Features and Standard price for Vermont (C-Corp or S-Corp) |
|
| Vermont LLC Rate card
PDF | 744.35 kB | Updated time: 31 Dec, 2020, 11:11 (UTC+08:00)
Basic Features and Standard price for Vermont LLC |
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