Vermont Blockchain-Based Limited Liability Company
In force · Effective · Last verified
Lets a Vermont limited liability company organized for the purpose of operating a business that utilizes blockchain technology for a material portion of its business activities elect to be a blockchain-based limited liability company (BBLLC). Except to the extent inconsistent with this subchapter, the Vermont Limited Liability Company Act governs.
Statutory text behind this summary
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Official name
Blockchain-Based Limited Liability Companies
11 V.S.A. Title 11, Chapter 25, Subchapter 012 (heading), Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session)
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Sentence 1
A limited liability company organized pursuant to this title for the purpose of operating a business that utilizes blockchain technology for a material portion of its business activities may elect to be a blockchain-based limited liability company (BBLLC) by:
11 V.S.A. § 4172, Vermont Statutes Online: 11 V.S.A. § 4172 (Election) (unofficial copy, includes the actions of the 2025 session)
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Sentence 2
Except to the extent inconsistent with the provisions of this subchapter, the provisions of the Vermont Limited Liability Company Act govern.
11 V.S.A. § 4176, Vermont Statutes Online: 11 V.S.A. § 4176 (Scope of subchapter; other law) (unofficial copy, includes the actions of the 2025 session)
Features
Select a feature to see the statutory text it comes from.
| Name must include |
The subchapter does not require a specific name suffix such as DAO or LAO.The source text does not address this. Checked: 11 V.S.A. §§ 4171-4176, Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session) |
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| Management |
A BBLLC may provide for its governance, in whole or in part, through blockchain technology.
11 V.S.A. § 4173(1), Vermont Statutes Online: 11 V.S.A. § 4173 (Authority; requirements) (unofficial copy, includes the actions of the 2025 session) |
| For profit or nonprofit |
The subchapter does not separately address whether a BBLLC may be for profit or nonprofit.The source text does not address this. Checked: 11 V.S.A. §§ 4171-4176, Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session) |
| Smart-contract identifier |
The subchapter does not require a filed, publicly available smart-contract identifier.The source text does not address this. Checked: 11 V.S.A. §§ 4171-4176, Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session) |
| Inactivity dissolution |
The subchapter does not tie dissolution to a period of member inactivity.The source text does not address this. Checked: 11 V.S.A. §§ 4171-4176, Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session) |
| Member and disclosure thresholds |
The operating agreement must specify whether the ledger the BBLLC uses is fully or partially decentralized and fully or partially public or private.
11 V.S.A. § 4173(2)(B), Vermont Statutes Online: 11 V.S.A. § 4173 (Authority; requirements) (unofficial copy, includes the actions of the 2025 session) |
| Liability (statutory text) |
Except to the extent inconsistent with the BBLLC subchapter, the Vermont Limited Liability Company Act governs.
11 V.S.A. § 4176, Vermont Statutes Online: 11 V.S.A. § 4176 (Scope of subchapter; other law) (unofficial copy, includes the actions of the 2025 session) |
| Tax (statutory text) |
The subchapter does not address taxation.The source text does not address this. Checked: 11 V.S.A. §§ 4171-4176, Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session) |
| Government formation fee |
Vermont's Secretary of State fee schedule sets a $155.00 filing fee for LLC articles of organization.
11 V.S.A. § 4012(a)(1), Vermont Statutes Online: 11 V.S.A. § 4012 (Fees) (unofficial copy, includes the actions of the 2025 session) |
| Government annual fee |
Vermont's Secretary of State fee schedule sets the domestic LLC annual report fee at $45.00.
11 V.S.A. § 4012(a)(15), Vermont Statutes Online: 11 V.S.A. § 4012 (Fees) (unofficial copy, includes the actions of the 2025 session) |
Amendments
None recorded.
Where to file
Legal text behind this section
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Filing body
The Secretary of State shall collect the following fees when a document described in this section is delivered to the Office of the Secretary of State for filing
11 V.S.A. § 4012(a), Vermont Statutes Online: 11 V.S.A. § 4012 (Fees) (unofficial copy, includes the actions of the 2025 session)
Sources
- Vermont Statutes Online: Title 11, Chapter 25, Subchapter 012 (Blockchain-Based Limited Liability Companies) (unofficial copy, includes the actions of the 2025 session), Vermont General Assembly, Office of Legislative Council. Retrieved . Archived copy.
- Vermont Statutes Online: 11 V.S.A. § 4172 (Election) (unofficial copy, includes the actions of the 2025 session), Vermont General Assembly, Office of Legislative Council. Retrieved . Archived copy.
- Vermont Statutes Online: 11 V.S.A. § 4176 (Scope of subchapter; other law) (unofficial copy, includes the actions of the 2025 session), Vermont General Assembly, Office of Legislative Council. Retrieved . Archived copy.
- No. 205 (S.269). An Act Relating to Blockchain Business Development (As Enacted), Vermont General Assembly. Retrieved . Archived copy.
- Vermont Statutes Online: 11 V.S.A. § 4012 (Fees) (unofficial copy, includes the actions of the 2025 session), Vermont General Assembly, Office of Legislative Council. Retrieved . Archived copy.
- Vermont Statutes Online: 11 V.S.A. § 4173 (Authority; requirements) (unofficial copy, includes the actions of the 2025 session), Vermont General Assembly, Office of Legislative Council. Retrieved . Archived copy.
From the site operator
MIDAO, which operates this site, publishes a free guide to forming a DAO LLC in the Marshall Islands.
Cite this
daollc.org, "Vermont Blockchain-Based Limited Liability Company," https://www.daollc.org/laws/us-vt/blockchain-based-llc/, verified 2026-10-19.