Limited Liability Companies – Vermont

By | February 11, 2008

Address of state office for filing:
Vermont Secretary of State
81 River Street
Montpelier VT 05609-1104
Telephone: (802) 828-2386
State web address: www.leg.state.vt.us/
State law reference: Vermont Statutes Annotated, Title 11, Chapter 21.
Title of filing: Articles of Organization.
Filing Fee: $75
Name requirements: The official name must contain the words “Limited Liability Company,” “Limited Company,” or the abbreviations “LLC,” “L.L.C.,” “LC,” or “L.C.” The words “Limited” and “Company” may be abbreviated as “Ltd.” and “Co.” (Section 3005). A company name may be reserved for 120 days for a fee of $20. (Section 3006).
Organizer requirements: A limited liability company may be organized by one person. The organizer need not be a natural person, nor a member. (Section 3022).
Articles of Organization requirements: Articles of Organization must contain the following: (1) name of company, (2) address of initial designated office, (3) registered agent name and office address, (4) name and address of each organizer, (5) duration of company, if less than perpetual, (6) if company will be managed by managers, a statement to that effect and the names and addresses of each initial manager, (7) whether the members of the company will be liable for its debts and obligations under Section 3043(b), and (8) any additional matters. (Section 3023).
Annual report requirement: Yes, to Secretary of State. (Section 3161). $20 filing fee.
Publication requirement: No.
Effective date of limited liability company organization: On the date of official approval of Articles of Organization, the company becomes a legal entity and the members are shielded from personal liability. In addition, the effective date may be delayed up to 90 days if so stated in the Articles of Organization. (Section 3022(b), 3026).
Membership requirements: Minimum number required is one. The member may be a natural person or a business entity.
(Section 3022(a)).
Other: The company must file the address of its principal office with the Secretary of State within 90 days of the filing of the
Articles of Organization. (Section 3023(e)). Articles must state business purpose and the month the company’s fiscal year ends.