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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.
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.
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.
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.