State
Central Vermont Economic Development Corporation
The CVEDC is located at the National Life Building in Montpelier. An economic development corporation that serves as a catalyst for industrial and economic growth in Central Vermont.
www.central-vt.com/cvedc/
802-223-4654
The Vermont Small Business Development Center
The VTSBDC is co-located with the CVEDC at the National Life Building in Montpelier, is available for free one-on-one assistance with the process of researching, starting, operating, expanding and selling a business. They work with businesses of up to 500 employees.
www.vtsbdc.org
802-223-4654
The Micro Business Development Program
MBDP is located at 195 Route 302, Berlin, and offers low and moderate-income entrepreneurs free, comprehensive, one-on-one counseling and classroom training for starting, expanding, or improving their businesses. It also offers specialized refugee business assistance. Computer labs are available. Typically they work with businesses of fewer than 5 employees.
www.vtmicrobusiness.org
802-479-1053
The Women’s Business Center
The WBC is located at Woodbury College in Montpelier, provides women with business skills and support to start, operate and expand micro-businesses. It offers many workshops and introductory courses as well as one-on-one counseling.
www.vwbc.org
802-229-2151
Register your business name with the Vermont Secretary of State.
If you plan to operate under a different name than your own, you must register the trade name with the Secretary of State. A small fee is charged, and the registration is valid for ten years. Forms are available online. As part of your business planning process, you need to choose a legal structure: sole
proprietorship, partnership, S-Corp, C-Corp,Worker Cooperative Corp. or Limited Liability Corporation. Once you decide, if you are anything other than a sole proprietorship, you must file forms with the Secretary of State. This office also registers trademarks, issues certificates of incorporation for domestic corporations, administers Limited Liability Companies, Limited Partnership Registration, and Amusement Park Ride Regulation.
802-828-2386
www.sec.state.vt.us
Register with the Vermont Department of Taxes.
They will help determine which types of taxes are required. The Department of Taxes administers personal income tax, business taxes, meals and rooms tax, sales and use tax, withholding tax, and assigns a Business Tax Account number.You must have an account number before you open for business. See the definitions of various State taxes on opposite page.
802-828-2551
www.state.vt.us/tax
State forms you Might Need
When you file an S-I ,Vermont Application for Business Tax Account, you need to request a withholding tax account if you plan on employing. The State will send you an Employer Withholding return booklet for reporting along with a schedule and formula for calculating the deductions.
Each employee must fill out form W-4VT.
As an employer, you must file wage reports on a quarterly basis even if no wages were paid in a quarter.
Workers’ Compensation insurance must be purchased. Contact an insurance agent. For information on Workers’ Compensation visit http://www.labor.vermont.gov/business/workerscompensation/tabid/114/default.aspx or call 802-828-2288.
Check with VOSHA (Vermont Occupational Safety & Health) for additional regulations that may apply to your company at www.labor.vermont.gov or call 802-828-2288.
Catamount Health – Legislative Act 191 represents a major restructuring of Vermont’s health care system, the implementation of which is not easily interpreted. Consult your health insurer or the Vt Department of Labor (including Dept of Employment & Training), which governs this program. www.labor.vermont.gov