Incorporating in Vermont

Corporate Name Endings

* 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

  • 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.

For more information on taxes, visit www.state.vt.us/tax

John Gordon admin

 

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

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.

LLC formation

  • Contains characteristics of both corporation and partnership
  • Shareholders may take advantage of “Pass-Through” taxation
  • Limited liability for share holders

Not for profit corp

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