Vermont is a great state to set up your business. It’s one of the best business environments in the US. If you plan on setting up a business in the State of Vermont, one of the foremost requirements of the state government is having a registered agent.
What is a Registered Agent?
A registered agent can be a business or an individual appointed to receive legal documents for your company. These legal documents include tax notices, subpoenas, lawsuits, and others.
All companies doing business in the state of Vermont must have a registered agent to ensure tracking of all legal mail sent within the state. To become a registered agent in the state of Vermont, you must meet the following requirements:
- Be able to receive mail during business hours at an office
- Be present to receive the legal mail intended for the business you represent
- Have a physical address within Vermont. Note that making use of a P.O Box is not allowed.
Registered Agent in Vermont, who can work as one?
A person must meet certain requirements before he/she can work as a registered agent in Vermont. These requirements are made by the Secretary of the State of Vermont.
- A registered agent can be an employee of the company or third parties such as lawyers and registered agent service companies that is a resident or an organization that is located in Vermont and has a valid street address in Vermont. Corporations and limited liability companies (LLCs) cannot be their registered agents. However, if you are a resident and of legal age (more than 18) in Vermont, you are allowed to register as your business’s registered agent in a case whereby you have a start-up business or you are a small business entrepreneur.
- If you are a business owner based outside Vermont, you must first have the authorization to do business.
Changing your Registered Agent in Vermont
If you have decided to shift to another agency or entity to represent your company in Vermont, maybe because your previous registered agent moved out of the state, no longer wants the responsibility, or he left your company for another. Changing registered agents is easy, all you need to do is follow the following steps, as outlined by the Secretary of the State of Vermont:
- Visit the Secretary of the State of Vermont Online Filing System webpage. You’ll need to register an account if you don’t have one. It is possible for you to also file for a change of your registered agent through non-electronic means, for example through the mail. You’ll do this by requesting the form from the Secretary of the State of Vermont through this link.
- The document you’ll fill has step-by-step instructions on how to complete the form. The form must be correctly filled to prevent complications that may arise during the processing of your change of registered agent.
Note that there’s a fee of 25 dollars that must be paid for the document to be processed. The payment can be made through a Credit or Debit Card if you’re filing online. Meanwhile, if you choose to submit the papers through the mail, you’ll mail the completed forms and the check to the address:
Vermont Secretary of State
128 State Street
In the state of Vermont, online filings are processed within 24hours while paper filings are processed within 7 to 10 working days.
You have to know that you cannot change your registered agent in the State of Vermont by just making changes to your annual reports or your Articles of Organization. You can only follow the process explained above.
Should I Get a Professional Registered Agent Service Company?
Getting a professional registered agent company can reduce a lot of effort and time for any business owner. There are numerous benefits to it whether you are an established company or a small business owner. Some of these benefits are:
- Making use of their address instead of your home address, especially if you don’t have an office yet. This detail will be included in public records.
- Registered Agent processes paperwork for you
- Notify you immediately if you receive any new legal mail
- Notify you of mandatory filing of Vermont annual reports
- Help you to avoid penalties for delayed filings
- Assist you with forms and instructions needed to set up your business
- If you operate a small business out of state, they fill in as your local contact in the state.
Several agencies offer registered agent services in Vermont. However, you have to be careful in finding a trustworthy agent to handle your business.
Advantages of Using a Vermont Business Address vs. Personal Address
- A business address minimizes exposure of your home address as public information
- Some city municipalities may not allow using home addresses as business offices
- Using your personal address can probably link you to business liabilities
- Using a business address can help you separate business and personal transactions
Having a registered agent is your gateway to setting up a business in the state of Vermont. Doing it yourself is possible, but it can eat up a lot of your time, money, and energy. It is better to get a registered agent service and use the resources to build your business instead. Let them help you do business hassle-free in Vermont.