Vermont Amendment

As time goes by, a company may have to make some changes. When that happens, the business owner has to be prepared to handle the changes. Additionally, depending on the changes, the company may have to go through a legal process.

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What is A Vermont Amendment?

Vermont requires all companies to inform the state if there are any changes in the organization. Doing this involves the filing of the proper paperwork. If the changes your company wants to make are on the articles of Incorporation/Organization, you will have to go through the process known as an amendment.

Reasons Why You Need To File An Amendment

There are many reasons why the state of Vermont requires the filing of an amendment. Generally, if the changes that you want to adopt will affect the formal entity structure of your business, you will have to file an amendment with the state.

A. Changing The Company Name –

LLCs

If you decide to change the name of your Vermont LLC, you have to go through the process that the state has set. Follow the naming regulations of Vermont. Then, submit the amendment to the state to make sure that it is aware of your plans. Aside from this, you will have to update all the records of your LLC with the state and government.

Corporations

Corporations that want a new name also need to go through this legal process. Make sure the new name is available for you to use before filing. Then, file the completed amendment form with the state. Additionally, you will also have to change the name of your company on all state and government records.

B. Changing Members Of The Business –

LLCs

Vermont does not require LLCs to submit information about the members and managers. You do not have to file an amendment even if there are changes in information about your LLC’s members and/or managers. You can reflect the changes in the annual report of your LLC.

Corporations

The same rule applies to Vermont corporations. Since you do not have to submit any information regarding your officers and directors, you do not have to file an amendment for any changes related to this. However, your company has to record these changes on its annual report.

C. Changing Address Related To The Business –

LLCs

A Vermont LLC may move its office location. When this happens, you have to make sure that the Secretary of State knows. However, you cannot use the amendment form to do this. Changes in your business address should be reported by sending a written notice to the Secretary of State and recording the changes in the annual report.

Corporations

Vermont corporations cannot also report the change in their office addresses using the amendment form. Instead, you will have to submit a written notice to the Secretary of State and reflect the changes in the annual report.

D. Changing Contact Information –

LLCs

The state has to be up-to-date on the contact information of your Vermont LLC. This way, they will be able to reach you in case they have legal queries. The registered agent of the LLC serves as the point of contact with the state. So, you have to inform the state of information that needs to be updated. You can do this using the Statement of Change of Registered Office or Registered Agent.

Corporations

Make sure that the state has a way to reach your Vermont corporation. Inform them about any changes to your contact information. The point of contact of the state with your company is the registered agent. So, let the state know if there are any changes to the information related to the agent. You can use the Statement of Change of Registered Office or Registered Agent Form.

E. Changing The Number Of Shares That A Corporation Is Authorized To Issue – Since Vermont LLCs do not issue stock, they do not have to think about filing an amendment to adopt this change. However, corporations are different. Vermont corporations that are authorized to issue stocks have to inform the Secretary of State if they have any intention of changing the number of shares your company is allowed to sell.

What Is Needed To File An Amendment?

LLC

Vermont LLCs have to file a completed Articles of Amendment: Limited Liability Company form with the Corporations Division of the Secretary of State. File in duplicate and submit it in person or by mail. Make sure the forms include original signatures. Additionally, your company also has to include a self-addressed envelope so that the Secretary of State can mail a filing acknowledgment to your company. The Secretary of State only accepts checks. Make them payable to the Vermont Secretary of State. The filing fee is $25.

Corporation

A Vermont corporation has to file a completed Articles of Amendment: Vermont Profit Corporation with the Corporations Division of the Secretary of State. You can also draft your articles if you want. Submit 2 copies and a self-addressed envelope by mail or in person. Make sure that the form bears original signatures. You should also not forget the $25 filing fee.

How Can DoMyLLC Assist With Streamlining The Process?

Making changes to a company’s formation documents require proper completion and filing of paperwork. Depending on the changes, you may also have to take care of other documents. To help ease the process, you can turn to a reliable document filing company like DoMyLLC. Our team can provide support and assistance to Vermont business owners who need help in handling formalities to ensure compliance with the state.