A. File Artcles of incorporation for Vermont Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Vermont Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Vermont. Click here for a free quote on our Vermont business incorporation services.
B. S Corporation Filings for Your New Vermont Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Vermont, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Vermont to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Vermont S-Corporation Election form
Vermont does not require s-corporations file a separate s-corporation election form with the state.
C. Get Your Vermont Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Vermont.
1. Registration for a Business Tax Account (State Tax ID Number)
2. Annual Reports
All corporations are required to file an annual report within 2.5 months after the close of their fiscal year (usually March 15th).
The forms will be sent to you by the Secretary of State. The annual report for corporations costs $25.
3. Annual Corporate Tax Return
All Vermont entities must pay a minimum tax each year of $250 on or before the 15th day of the month following the close of the entity’s fiscal year. The form will be sent by the state to the registered address.
Surely, the list above is not everything you will need to do once you incorporate a business in Vermont. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Vermont, we’d love to help.