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Vermont LLC Continuing Obligations

Once a Vermont LLC has been created, the Vermont Secretary of State will require certain recurring obligations and duties. The most important of these duties are explained below. For further information, contact the Vermont Secretary of State office.

Records

Each limited liability company shall keep the following records open to inspection at its office:

  • Information regarding the status of the business and financial condition of the company
  • Information regarding the amount of cash and a statement as to the agreed value of contributions made or to be made by each member and the date upon which each member became a member
  • A copy of the federal, state, and local income tax returns, if any, for the last three years
  • A current list of the full name and last known business, residence, or mailing address of each member and manager
  • A copy of the filed articles of organization and any amendments thereto
  • A copy of the operating agreement and any amendments thereto
  • A copy of any written powers of attorney under which the operating agreement, articles of organization or amendments have been executed
  • Any other information reasonably regarding the affairs of the LLC

Annual report

Each limited liability company shall file an annual report that lists the following information:

  • The company name and state where organized
  • The address of the registered office and the name of the registered agent
  • The address of the principal office
  • The names and business addresses of the managers

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