Why Do You Need A Vermont Reinstatement For Your LLC Or Corporation?
When the state administratively dissolves a company, it revokes the benefits that come with the business entity type and prevents it from operating. Vermont reinstatement is the process that will bring back a company to good standing so it can legally do business again.
What Is Needed To File For Reinstatement?
The Vermont reinstatement process and requirements depend on state laws. Vermont is among the states that do not have reinstatement forms.
An administratively dissolved Vermont company that wants to do business again should submit all missed annual reports and pay the corresponding fees. Inactive companies cannot print or electronically file annual reports, so you may need to contact the Secretary of State at (802) 828-2386 to get copies.
Original signatures are necessary, which is why you cannot submit the documents by fax. You will have to submit them in person or by mail. Use the following address:
Office of the Secretary of State
Corporations Division
128 State Street
Montpelier, Vermont 05609-1104
You should add a self-addressed envelope so that the Secretary of State can send an acknowledgment to you. You can only pay via checks payable to the Vermont Secretary of State.
How Much Will It Cost To Reinstate?
LLC – The filing fee for reinstating an administratively dissolved LLC in Vermont is $25. You also need to pay $25 for every annual report you did not file.
Corporation – An administratively dissolved corporation in Vermont has to pay $35 to reinstate their business. You also need to settle past-due annual report fees. Each costs $25.
How Long Will This Process Take?
LLC – The Secretary of State normally takes 3-5 business days to finish an LLC reinstatement filing. However, you may have to wait longer if you file between January and April due to the high volume of annual report submissions.
Corporation – The normal processing of corporate Vermont reinstatement documents takes around 3-5 business days. The Secretary of State may take longer if you file from January to April.
What Is Required On The Forms?
LLC – Prepare the following information:
- LLC Name
- Business ID
- Email Address
- Office Address
- Mailing Address
- Name And Title Of The Authorized Representative
- Names And Addresses Of The Members And Managers
Corporation – You may need to disclose the following information:
- Corporation Name
- Business ID
- Email Address
- Office Address
- Mailing Address
- Name And Title Of The Authorized Representative
- Names And Addresses Of The Members And Managers
What Cannot Be Changed On The Forms?
Vermont does not have a reinstatement form. If you want to change any business information, you can update it on the annual report. However, if you need to change the name and office address of your registered agent, you will need to file a Statement of Change of Registered Office or Registered Agent form.
What If My Company’s Name Is In Use When I Need To Reinstate?
LLC – The state will protect the name of an administratively dissolved LLC for five years. After that, any other business entity can take it. If your company name is no longer available when you reinstate, you will have to use a new one.
Corporation – Your company name is safe for five years after the administrative dissolution. After that, you forfeit your right to use it. If another entity is already using it when you reinstate, you will have to change it.
How Can DoMyLLC Assist With Streamlining?
If the state administratively dissolves your Vermont company, you have to take action immediately to bring it back to good standing sooner. This way, you can focus on growing the business instead.
However, some business owners find it hard to set aside time to settle such issues. If that is the case for you, contact an experienced company like DoMyLLC. Our team of experts can handle the Vermont reinstatement process for you. We also offer custom solutions to ensure that the service you are getting is suitable to your company’s specific needs.
Vermont Reinstatement FAQs
Can you change your registered agent on the reinstatement?
No, you cannot. The only way to change the name or office address of your company’s registered address is by filing a Statement of Change of Registered Office or Registered Agent form with the Secretary of State.
How many annual reports can your company fail to submit before the state prohibits reinstatement?
The state does not have a limit for delinquent annual reports. You can still apply for reinstatement if you have missed many.
How long can your company be inactive with the state before it has to start over as a new business entity?
Administratively dissolved companies in Vermont can file at any time. The state does not have a statutory limit for reinstatement. However, your company name is only safe for five years.