What is a Vermont Annual Report?
One of the requirements of maintaining a Limited Liability Company (LLC) or corporation in the state of 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.
Related: How to form an LLC in Vermont
Who Needs to File an Annual Report?
Domestic and foreign corporations and LLCs are required to file an annual report each year after the year the company was formed.
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
- Registered Agent name and address
- 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 Annual Report filing fee for a Vermont Corporation is $45, and the LLC is $35.
Annual Report Deadline
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 due date would be 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.
Annual Report Filing ServiceIf you would rather use a service that guarantees the annual report is filed on-time, check out the annual report filing service through Northwest.
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 late fee penalty is assessed, in addition to losing the good standing status with the state. 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 Monday – Friday 8 a.m. – 5 p.m.