Watching the leaves change in Vermont is just spectacular. The colors, the countryside, the seasons changing are all magical sights to see. If you haven't experienced it, then it is something that you should take time to enjoy. If you live and work in Vermont, then you know that thousands of people travel to the state each year to vacation and take advantage of the state and the beauty it has to offer. If you live here in the state and have a business, then you probably should think about forming a Vermont LLC, or Incorporating in Vermont for your business. There are a couple of reasons that you may want to file or form an entity in the state and let's discuss those:
These are some of the main reasons that people choose to setup a corp or LLC in the state, but everybody will have a different situation and different needs and requirements. Let's discuss them more in detail here.
The LLC in Vermont can be filed in paper form, or Online using the Secretary of State website. It is important that you complete the process correctly, otherwise it will get rejected potentially wasting you both time and money. So, we have put together a page of tips, forms, links, suggestions to help you with the filing process.
These are the basic steps, and you can see the PDF to form an LLC in Vermont here.
The Vermont corporation is similar to any corporation formed in other states, in that you can form either a C-corp or and S-corp. The difference here is that the C-corp is a stand alone entity, where the S-corp is a pass through entity. The S-corp will pass through the income earned to the tax returns of the shareholders based on their ownership percentages. The C-corp will pay the income earned for the business. This is obviously after deducing all expenses and completing the profit/loss for the business. We suggest that you talk to a CPA for specifics about the process of filing taxes, or even if a C-corp or S-corp is right for you. Next you will need to find a name for the incorporation.
The search for a business name in Vermont is going to be a bit challenging as you will see that many of the available names will be already taken or not available. You can also do a name search for a Vermont corporation on the Secretary of State Website.Vermont Secretary of State Links: