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Strictly speaking, the term domestication refers to a change in governing law; the term conversion refers to a change in the form of entity. But many state LLC acts have blurred this distinction by using the same procedure for both types of changes.
Domestication refers to the process of moving a company's legal registration or incorporation from one state to another while maintaining its existence as a single entity.
What is Domestication? Domesticating a business involves the moving of an existing business to a new state. Domestication allows the business to retain its original date of incorporation, its existing federal tax identification number, bank accounts, licenses, and lines of credit.
Amendment Filing Instructions Click VT Sec of State Online Services on the left menu. From the dropdown menu, click Business Amendments. Follow prompts and enter all required and updated information. Click Submit on the final page.
Vermont LLC Cost. The fee for forming a Vermont LLC is $125. You'll also need to pay $35 every year to file Vermont's Annual Report.
Vermont domestication is a procedure authorized by Vermont law that lets an LLC change the state that primarily governs the company. Vermont's domestication process allows an LLC formed in another state?called a foreign LLC or out-of-state LLC?to transfer to Vermont.