1. Home »
  2. LLC Operating Agreement »
  3. Vermont

Vermont LLC Operating Agreement Template

A Vermont LLC operating agreement is a written arrangement enacted by the members of a limited liability company for the purpose of setting forth key terms regarding the function of the entity, the authority and responsibilities of the members, and the framework of internal affairs. An operating agreement can be executed anytime before or after completing the process of registering the company with the Secretary of State (SOS).

While limited liability companies may vary in design and purpose, the operating agreements that govern them will always contain the requisite provisions. These provisions include company and member information, member contributions and distributions, management structure, meetings and voting rights, and what happens in the case of dissolution.

Contents

Types (2)

Single-Member LLC Operating Agreement – Used to establish governance over a limited liability company comprised of a single member.

Download: PDF, Word (.docx), OpenDocument

 


Multi-Member LLC Operating Agreement – Establishes the terms of governance of a limited liability company comprised of multiple (2 or more) members.

Download: PDF, Word (.docx), OpenDocument

 


Laws


How to File (5 Steps)

Step 1 – Naming the Company

An LLC, like any other entity, must have a unique name for the business, as well as in compliance with state statute § 4005.

To find out which business names have already been taken, the Secretary of State (SOS) provides a business search engine that can be used to look through all companies that have been registered.

Step 2 – Nominating/Hiring a Registered Agent

All states require businesses to select a registered agent to receive important legal and tax-related documents on behalf of the company.

While a registered agent can be an individual, or even a member of the LLC, it’s often recommended that the entity hire a registered agent service for a relatively small annual fee to save time and resources.

Step 3 – Forming the LLC

LLCs must be registered in Vermont with the Secretary of State by completing and filing the Articles of Organization online or by mail.

Online 

An account must be created to file the Articles of Organization online. Visit the SOS Online Business Service Center and click Create a User Account.

Information pertaining to the business or individual creating the account will have to be entered, and a password will have to be created.

Once the account is created, the Articles of Organization can be completed online and the filing fee of $125 can be paid by credit card.

By Mail

Download and complete the Articles of Organization and mail it to the address below with a check for $125.

Vermont Secretary of State
Corporations Division
128 State Street
Montpelier, Vermont 05633-1104

Step 4 – Executing an Operating Agreement

The members of the LLC should create an operating agreement to help govern the internal affairs of the business and set forth the terms of membership and management.

  • Single-Member LLC Operating Agreement
  • Multi-Member LLC Operating Agreement

Step 5 – Applying for an EIN

All businesses in Vermont must apply for an EIN (Employer Identification Number) with the Internal Revenue Service.

An EIN consists of 9-digits which is unique to each entity in the US for tax-reporting purposes.

LLCs can visit the IRS EIN Assistant webpage to apply or complete an Application for Employer Identification Number (Form SS-4) and mail it to the address below.

Internal Revenue Service
ATTN: EIN Operation
Cincinnati, OH 45999


Resources

Filing Options: Online or by Mail

Costs:

  • Domestic filing fee: $125
  • Foreign filing fee: $125
  • Name reservation: $20
  • Certificate of Good Standing: $25

Forms:

Links: