Incorporate your business in Vermont;
Our Incorporation information is to help you with the small
business startup process. The Vermont Incorporation info can
help answer questions like "How do I form an LLC in Vermont?"
or "What type of Incorporation entity should I be? An Vermont
S-Corporation or an Vermont C-Corporation?" or "What are the
requirements for an Vermont Corporation?" It's easy to set up
an Vermont Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must contain the word "Corporation,"
"Incorporated," "Company," "Limited," or an abbreviation thereof.
The name may not contain language stating or implying the corporation
is organized for purposes other than those permitted by state
law. The name shall not have the word "Cooperative" or any abbreviation
thereof. The name shall be distinguishable from, and not the
same as, deceptively similar to, or likely to be confused with
or mistaken for any name granted, registered, or reserved under
chapter or with the Secretary of State.
Corporation Requirements
Director Information
Minimum Number - Not less than three, unless there
are only one or two shareholders of record; then the
number of directors may be less than three but not less
than the number of shareholders.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
The articles of incorporation, bylaws, resolutions,
minutes, all written communications to shareholders
within the past three years, a list of names and business
addresses of its current directors and officers, and
the company's most recent annual report must be kept
at the corporation's principal office.
Tax and Fees
Annual Statements
Every domestic and foreign corporation authorized
to do business in Vermont must file an annual report
with the Secretary of State within 2½ months after the
expiration of its fiscal year (March 15th for calendar
year companies). The annual fee for a domestic corporation
is $25. The annual fee for a foreign corporation is
$150.
Income Tax Rate
Income tax rates are 7% on Vermont net income of
$10,000 or less; 8.10% of net income between $10,001
and $25,000; 9.20% of net income between $25,001 and
$250,000; 9.75% of net income in excess of $250,000.
The minimum tax is $250.
S Corporation
S Corporation status is recognized by the State of
Vermont. A separate state election from the federal
election is not required; although, some S Corporations
are required to pay a minimum entity level tax of $250.
License Requirements
Vermont requires most businesses to obtain a license
and pay a fee if operating in the state. Please check
with the state to make sure your business is complying
with the license requirements for your particular profession.
