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.
Vermont’s domestic LLC Annual Report costs $45 and is due within three months after the fiscal year end on record; for a calendar year this is March 31. The business income-tax return is separate. LLCs taxed as partnerships or S corporations generally face a $250 minimum business income tax, with exceptions and additional requirements determined by current tax instructions. Disregarded single-member treatment and elections require separate review.
- 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:
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.
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
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
Log in to the Secretary of State's online portal
Search your entity by name or Business ID.
Confirm your information and pay $45
Verify your address, registered agent, and management details; update anything that changed during the year.
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
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.
File Form BI-471 or BI-476 if applicable
Through myVTax, generally due March 15. The $250 minimum applies even at zero profit.
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
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.
Reinstatement cost
$80 for every year you failed to file, once terminated — always more expensive than staying current would have been.
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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Vermont LLC — FAQ
Ahmad Adil is the founder and CEO of LLC School. For filing and ongoing compliance, confirm the requirements with the responsible state agency. This is educational information, not legal or tax advice.
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