If you're looking to start a business in Vermont, one of the first steps you'll need to take is filing articles of incorporation with the Vermont Secretary of State. This legal document officially establishes your company as a corporation and is required by law. In this article, we'll walk you through the process of filing Vermont articles of incorporation.
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Step 1: Conduct Research and Choose a Name
Before filing your articles of incorporation, you'll need to conduct thorough research to ensure that your chosen business name is available and does not conflict with any existing trademarks. The Vermont Secretary of State's website provides an online database where you can verify the availability of your desired name.
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Step 2: Appoint Incorporators and Directors
An incorporator is a person responsible for signing and filing the articles of incorporation. Directors, on the other hand, are individuals responsible for managing the affairs of the corporation. Vermont law requires at least one incorporator and one director, who may be the same person. It's important to gather the necessary information, such as names and addresses, for both incorporators and directors.
Step 3: Draft and Prepare the Articles of Incorporation
The articles of incorporation serve as the legal foundation for your corporation. Vermont provides a template of articles of incorporation that you can use as a starting point. However, it's advisable to consult with an attorney or legal professional to ensure all necessary provisions and information are included. At a minimum, the articles of incorporation must include the following details:
- Name of the corporation
- Purpose of the corporation
- Mailing address of the corporation
- Name and address of the registered agent
- Number and type of authorized shares of stock
Step 4: File the Articles of Incorporation
Once the articles of incorporation are drafted and all necessary information is included, the next step is to file the document with the Vermont Secretary of State. The filing can be done online using the Secretary of State's online filing system. This system offers a more convenient and efficient way to submit your articles of incorporation.
Step 5: Pay the Filing Fee
Filing the articles of incorporation incurs a fee, which must be paid to the Vermont Secretary of State. The current fee schedule can be found on the Secretary of State's website. The fee can be paid online using a credit card or by mailing a check.
Step 6: Obtain Copies of the Filed Articles
After successful submission and payment of the filing fee, the Vermont Secretary of State will process your articles of incorporation. Once approved, you can request certified copies of your filed articles. These copies serve as official evidence of your corporation's existence and may be required when opening bank accounts or securing business licenses.
Step 7: Fulfill Additional Requirements
While filing the articles of incorporation is a crucial step, it's important to note that it may not be the only requirement needed to start your business. Other important steps may include obtaining a federal employer identification number (EIN) from the IRS, registering for Vermont taxes, and complying with any local licensing and regulatory requirements.
In conclusion, filing Vermont articles of incorporation is an essential step in establishing your corporation in the state. By following the steps outlined in this article and consulting with professionals if needed, you can confidently complete the process and lay the groundwork for your business success in Vermont.
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