Vermont Nonprofit Articles of Incorporation
Nonprofit articles of incorporation is the document filed to create a Vermont nonprofit corporation.
Preparing and filing your articles of incorporation is the first step in starting your nonprofit corporation. Approval of this document secures your corporate name and creates the legal entity of the nonprofit. Only after this approval can you apply for 501c, apply for fundraising licenses, open a bank account, and otherwise conduct business.
Benefits
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your organization's name
- Is a prerequisite for applying for 501(c) tax exemption
- Provides governance and adds credibility to the business or organization
Fast Facts
| Agency: | Vermont Secretary of State - Division of Corporations |
| Filing Method: | |
| Agency Fee: | $155 |
| Law: |
Other Helpful Vermont Facts
As you are preparing to incorporate, keep in mind the following requirements specific to Vermont, keep in mind:
Vermont Directors
- Number: minimum 3
- Qualifications: Individuals. No residency requirement. No membership requirement.
- Term: default is 1 year, 6 year maximum
- Quorum: majority
- Committee: minimum 2 directors
Vermont Officers
- A president, a secretary, and a treasurer are required.
- Two or more offices may be held by the same individual, except president and secretary.
Vermont Members
- Members: optional
- Regular meeting: required annually
- Quorum: 1/10th votes
