One of the requirements of maintaining an LLC or corporation in Vermont is filing an Annual Report. The Annual Report is used to confirm and update the company’s information each year with the Secretary of State.
What is Needed to File a Vermont Annual Report
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Vermont Secretary of State’s website, otherwise you can download and fill out the Annual Report
The report asks for information such as:
- Legal name of the entity
- Office address
- Name and address of the officers, directors, members and/or managers
Processing is done 1 business day when filing online or 7-10 business days when filing by mail.
Annual Report Cost
The cost to file an Annual Report in Vermont for a Corporation is $45 and the LLC is $35.
Corporations – Annual Reports for Vermont Corporations are due 2.5 months after the end of their fiscal year. Most Corporations use the calendar year as their fiscal year, meaning the end of their fiscal year is December 31st. For example, if your Corporation uses a calendar fiscal year, the Annual Report would be due by February 15th.
LLCs – Annual Reports for Vermont LLCs are due 3.5 months after the end of their fiscal year. Most LLCs also use the calendar year as their fiscal year, meaning the end of their fiscal year is December 31st. For example, if your LLC uses a calendar fiscal year, the Annual Report would be due by March 15th.
The Secretary of State’s office sends a reminder in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
My business made little or no money. Do I still have to file the Annual Report?
Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.
What happens if you don’t file the Annual Report on time?
If the Annual Report isn’t filed on time, a $25 penalty is assessed. If the report isn’t filed within 3 months of the due date, the entity may be administratively dissolved by the Secretary of State.
Vermont Secretary of State Contact Information
Vermont Secretary of State
128 State Street
Montpelier, VT 05633
If you have questions, they can be contacted at (888)-647-2386.