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Vermont LLC · Step 6 of 8 · Verified July 2026

Vermont LLC Annual Report & the Business Entity Tax (2026)

Every Vermont LLC owes a $45 annual report to the Secretary of State. Most multi-member LLCs also owe a separate $250 Business Entity Tax to the Department of Taxes. These are two different filings, two different agencies, and missing either carries real consequences.

Ahmad Adil Written & verified by Ahmad Adil, LLC School·Updated July 2026
Quick Answer

Vermont LLCs owe an annual report ($45) filed with the Secretary of State, due within a 3-month window after your fiscal year closes — January 1 through March 31 for most calendar-year LLCs. There's no small late fee; instead, continued non-filing leads to involuntary termination, with most calendar-year filers at risk of losing Good Standing around June 30. Separately, LLCs taxed as partnerships or S-corporations owe a $250 minimum Business Entity Tax, filed on Form BI-471 or BI-476 through myVTax with the Department of Taxes, generally due March 15. Single-member LLCs reporting on Schedule C generally do not owe this tax.

VT Annual Obligations Fast Facts
Annual report fee
$45
Annual report window
Jan 1 – Mar 31 (calendar year)
Late consequence
Involuntary termination — no small fee
Business Entity Tax
$250 minimum — partnerships/S-corps
BET filing deadline
~March 15
Single-member exemption
Generally yes, from BET

Two Obligations, Explained Clearly

This is the most important thing to understand about maintaining a Vermont LLC. There are two potentially separate obligations, going to two separate agencies:

1

The Annual Report — $45 — Secretary of State

Confirms your basic entity information (address, registered agent, management). Owed by every Vermont LLC, due within a 3-month window after your fiscal year closes.

2

The Business Entity Tax — $250 minimum — Department of Taxes

Owed by LLCs taxed as partnerships or S-corporations. Filed on Form BI-471 or BI-476 through myVTax. Not owed by default single-member LLCs reporting on Schedule C.

Every Vermont LLC files the annual report. Only some Vermont LLCs — based on federal tax classification, not on LLC structure alone — owe the Business Entity Tax on top of it.

Your Status — Calculated

Vermont Annual Obligations Status Calculator

Tax classification + filing status

Annual Report
$45 — required
Business Entity Tax
$0 — likely exempt

Educational estimate. The annual report is due within 3 months of your fiscal year end (Jan 1–Mar 31 for calendar-year LLCs). Confirm your exact BET status with the Department of Taxes.

Filing the $45 Report

1

Log in to the Secretary of State's online portal

Search your entity by name or Business ID.

2

Confirm your information and pay $45

Verify your address, registered agent, and management details; update anything that changed during the year.

3

File within your 3-month window

January 1 through March 31 for most calendar-year LLCs. Fiscal-year filers: 3 months after your specific year-end.

Determining Your BET Status

1

Check your federal tax classification

Single-member, disregarded, Schedule C filer? You generally don't owe the BET. Filing Form 1065 as a partnership, or elected S-corp taxation? You generally do.

2

File Form BI-471 or BI-476 if applicable

Through myVTax, generally due March 15. The $250 minimum applies even at zero profit.

3

Confirm exceptions if uncertain

A couple of narrow exceptions exist (like the Investment Club exception) — if your situation is unusual, confirm directly with the Department of Taxes or a Vermont CPA.

If You Miss Either One

1

Missed the $45 annual report

No small late fee — instead, continued non-filing leads toward involuntary termination. Most calendar-year LLCs at risk of losing Good Standing around June 30.

2

Reinstatement cost

$80 for every year you failed to file, once terminated — always more expensive than staying current would have been.

3

Missed the Business Entity Tax

Handled separately by the Department of Taxes, with its own penalty and interest structure independent of your annual report status.

Ahmad Adil's Take: if you take away exactly one thing from this Vermont guide, make it this page. The annual report itself is easy — $45, a short window, nothing complicated. What genuinely trips people up is not realizing there's a second, separate obligation depending on how your LLC is taxed. If you're a solo founder staying a single-member disregarded entity, you can mostly stop worrying about the Business Entity Tax after confirming your classification once. If you bring on a partner or elect S-corp status, put the $250 BET on your calendar as a real, permanent line item — not a maybe.

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Frequently Asked Questions

Vermont LLC — FAQ

Does Vermont have one annual fee or two for LLCs?
It depends on your tax classification. Every LLC files a $45 annual report with the Secretary of State. LLCs taxed as partnerships or S-corporations also owe a separate $250 Business Entity Tax to the Department of Taxes; default single-member LLCs generally don't.
When is the Vermont LLC annual report due?
Within a 3-month window after your fiscal year closes — January 1 through March 31 for most calendar-year LLCs. Your first report is due the year after formation.
What is Vermont's Business Entity Tax?
A $250 minimum tax owed by LLCs taxed as partnerships or S-corporations, filed on Form BI-471 or BI-476 through myVTax, generally due March 15 — separate from the annual report.
Do single-member Vermont LLCs owe the Business Entity Tax?
Generally no, if the LLC remains a disregarded entity reporting on Schedule C. A couple of narrow exceptions exist — confirm your specific situation if anything is unusual.
What happens if I miss the Vermont annual report deadline?
There's no small late fee — instead, continued non-filing leads to involuntary termination, with most calendar-year LLCs at risk of losing Good Standing around June 30. Reinstatement costs $80 per year missed.
Where do I file the $45 report versus the $250 tax?
The $45 report goes to the Secretary of State's online portal. The $250 Business Entity Tax goes to the Department of Taxes via myVTax — different agencies, different systems.
Does an S-corp election affect my Vermont Business Entity Tax status?
Yes — electing S-corp taxation makes your LLC subject to the $250 minimum Business Entity Tax, even if it would otherwise qualify as an exempt single-member disregarded entity.
Ahmad Adil, founder of LLC School
About the Author
Ahmad Adil

Ahmad Adil is the founder and CEO of LLC School. The figures here — the $155 Articles of Organization, the $45 annual report, and Vermont’s $250 Business Entity Tax for multi-member LLCs — reflect current Vermont Secretary of State and Department of Taxes guidance. This is educational content, not legal or tax advice.

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