Starting a Business in Vermont
LLC filing: $125 | Corp filing: $125 | Business-friendly score: 5.5/10
Business Environment at a Glance
5.5/10
Business-Friendly Score
3.35% - 8.75%
Income Tax
6%
State Sales Tax
$13.67
Minimum Wage
Business Filing Fees in Vermont
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $125 | One-time, filed with Secretary of State |
| LLC Annual Fee | $35 | Due annually to maintain good standing |
| Corporation Filing Fee | $125 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $45 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 3.35% - 8.75% |
| Corporate Tax Rate | 6% - 8.5% |
| State Sales Tax | 6% |
| Max Local Sales Tax | 1% |
| Minimum Wage | $13.67/hr |
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Vermont Special Requirements
- Annual report required with Secretary of State ($35 for LLCs)
- Vermont Meals and Rooms Tax (9%) applies to hospitality businesses
- Workers compensation required for all employers
- Vermont Paid Family and Medical Leave program launching