An Ultimate Guide To Register LLC in the State of Vermont

If you are seeking to register your business to protect your personal assets, you can consider an LLC to register, because you can use it as a corporation or an S Corporation for the tax purposes. It is the most flexible business structure and very popular globally. It is an ideal structure for the real estate investments.

How to start an LLC in Vermont?

Check Name Availability

• You can request to the VT Secretary of state for the name availability search before filing the articles of organization. The name must be distinguishable in order to use the name for your business.

• You can also file a name reservation if intends to register the LLC later, but the LLC name reservation will not allow you to operate or advertise business until you file the articles of organization to the state.
  

Complete  the Articles of the Organization

• Select Management Style: Member Managed LLC or a Manager Managed LLC
  
• Business name of an LLC with an extension of Limited Liability Company,  LLC or Ltd Liability Co, or Limited Company, LC" or "Ltd Co.
• Business address and the PO Box is not acceptable.
• Registered agent name and street address, and a registered agent can either be a person or an entity to receive mail from the departments.
  
• Complete Name and address of member(s) of the LLC.
• LLC can be created for any lawful purpose.
• Enclose a check of the registration fee or pay online. You can either file online or mail out the form.
  

Operating Agreement

The operating agreement is not required to file along with the articles of organization to form an LLC, but it is advisable to prepare it to guard your LLC instead of depending on the standard state laws.

Timeline to File LLC

Vermont Secretary of State normally takes 24 hours to file an LLC.

LLC Registration for a Non US Resident

A Non US Resident can create an LLC in USA without a Social Security Number. A Non US resdent  obtains ITIN to file taxes. 

How to File Taxes?

1. Single member LLC file form 1040 as a sole proprietorship.
2. Multi member LLC file Form 1065 and the LLC, distribute Form K1 to all the LLC members to file taxes as a partnership or a Corporation.
3. LLC can file an election to the Internal Revenue Service to treat LLC an S Corporation for the tax purposes only.
4. LLC can file an election to the Internal Revenue Service to treat LLC a C Corporation for the tax purposes only.

Vermont Annual/Biennial Reports

LLCs are required to file an annual report to renew the entity.

Get an Employer Identification Number

All LLCs are required to obtain an EIN from Internal Revenue Service to open a bank account and file taxes.

Get Vermont Sales and Use Tax

Your business must collect sales tax if it is involved selling taxable items or providing taxable services.  Vermont Sales and Use Tax Registration must be completed to collect sales tax from the retailer or end user.

Examples of types of businesses required to register for an account are:

• Sellers of tangible personal property at retail
• Transient vendors coming into Vermont for short periods of time
• Vendors with no permanent Vermont address
• Nonprofit organizations, even if applying for exemption
• Manufacturers that sell tangible personal property at wholesale

 Useful Link:

https://www.sec.state.vt.us/