Information on the 50 States and the District of columbia

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Incorporating in Vermont

Corporate Name Requirements

* The name must contain the word “corporation”, “incorporated”, “company”, or “limited”, or an abbreviation of one of them. The name may not contain language stating or implying that the corporation is organized for purposes other than permitted by state law. The name shall not have 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 by or with secretary of state.

Articles of Incorporation Requirements

Director Information

  • Minimum Number – Minimum of three directors, however, if corporation has fewer than three shareholders, number of directors may be equal to or greater than number of shareholders.
  • Residence Requirements. – No provision.
  • Age Requirements – None.
  • Directors are not required to be listed in the articles of incorporation.

Officer Information

  • The officers are not required to be listed in the articles of incorporation.

Stock Information

  • No extra filing fees based on number of share or amount of par value.

Yearly Requirements

Annual Statements

  • 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 $15.

Income Tax Rate

Tax Rates

MARGINAL TAX RATES (EFFECTIVE BEGINNING WITH TAX YEAR 2007):
Allocable to VT Base Tax Plus of Amt. Over
$0 – 10,000 6.00% $0
$10,001 – 25,000 $600 7.00% $10,000
$25,001 – and more $1,650 8.50% $25,000.00
MINIMUM ANNUAL TAX:
Starting with 2012, minimum tax increases to $300, $500, or $750, based on Vermont Gross Receipts. If:
Vermont Gross Receipts are: Minimum Tax is:
$2,000,000 or less $300
$2,000,001 – $5,000,000 $400
$5,000,001 and over $750

For more information on taxes, visit Vermont Department of Taxes

 

C-Corporation

  • Shareholders have limited liability protection
  • May be listed and traded as a publiccorporation on the stock market or “over the counter”
  • Has a separate and independent tax status from its owners
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S Corporation

  • Profits are not subject to “double taxation”
  • Corporate losses may be “passed through” to share holders
  • Shareholders are afforded the same protection as C Corp.
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LLC formation

  • Contains characteristics of both corporation and partnership
  • Shareholders may take advantage of “Pass-Through” taxation
  • Limited liability for share holders
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Not for profit corp

  • Eligible for tax-exempt status
  • Limited Liability protection
  • Qualify for public and private gains
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