Company Name | At the end of the LLC name must have one 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 that the LLCs are organized for purposes that are not permitted by state law. The proposed name must be distinctive from other names and must not be the same, similar, confused, or mistaken with other registered, reserved names or names granted under the chapter or with the Secretary of State. | At the end of the corporation name must have one of these words or abbreviations: "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 that the corporations are organized for purposes that are not permitted by state law. The proposed name must be distinctive from other names and must not be the same, similar, confused, or mistaken with other registered, reserved names or names granted under the chapter or with the Secretary of State. |
Board of Directors | An LLC is required to have at least one or more managers/members. Vermont has no age or residency requirements for the managers/members. Information on the managers/members' names and addresses is required 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 or residency requirements for the directors/shareholders. Information on the directors/shareholders' names and addresses is required to be listed in the Articles of Incorporation. |
Other Requirements | Annual Report: LLCs in Vermont are required to file the report 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 wish to open a business bank account are required to have an EIN. Vermont is one of many states that require LLCs to have a state tax identification number. | Annual Report: Corporations in Vermont are required to file the report 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): Corporations with employees or corporations that wish to open a business bank account are required to have an EIN. |