New Business Starts in Vermont Slowed in 2008

first_imgJanuary 22, 2009. Secretary of State Deb Markowitz announced today that the number of new businesses registered with the Secretary of State’s Corporations Division during the year 2008 have decreased considerably.  As of January 1, 2009, there were registered in Vermont 15,495 Vermont corporations, 8,704 foreign corporations (out-of-state companies doing business in Vermont), 38,290 trade names (sole proprietorships), and 17,345 limited liability companies.  Of these, 8,631 were newly formed in 2008.  This is significantly less than the 9,452 new businesses that registered in 2007.Secretary of State Deb Markowitz said, “In 2007 Vermont had 500 fewer new businesses starting up.  The slow down in new business starts was even worse in 2008, and reflects a change from the steady increases we saw over the past decade. The fact that fewer Vermonters are starting new businesses is not surprising given the impact of the economic downturn on the state and the contraction of the lending market.”  According to Markowitz, corporate dissolutions are also up.  The 941 dissolutions in 2008 represent a small increase from the 867 dissolutions in 2007. Markowitz said, “Although considerably fewer new businesses registered in 2008 than in previous years, it is interesting to observe that it still is considerably more than what we saw a decade ago.”  In 1998 there were 6,730 new business registrations, which is nearly 2,000 less than in 2008.  “In past years we have found that our business-starts statistic is a good barometer of confidence within the business community,” said Secretary Markowitz. “The fact that we continue to have fewer new businesses registering in the state is a sign that we must do more to encourage Vermonters to be entrepreneurial.” Markowitz said. The 8,631 new Vermont business starts in 2008 include businesses that have been formed as corporations, as limited liability corporations, and those using a trade name. In contrast to the decrease in numbers of new business starts, this year saw an increase in the number of new non-profit corporations filing with the Secretary of State’s office.  The 456 new non-profit corporations represent a small increase from the 413 new non-profits formed in 2007. The Office of the Vermont Secretary of State licenses and registers foreign and domestic corporations, non-profits, LLCs, and trade names and is the repository for Uniform Commercial Code filings. Information about the services offered by the Corporations Division,including registration forms and searchable databases, is available at is external)Vermont Secretary of State’s Office – New Business Registrations* Does not include nonprofits.Year198119981999200020012002200320042005200620072008New Corporations*133621002253215419852180231022312022192818511551New Trade Names169439484024398938664328459142964212431740743679New LLC0682917122315041863226228013124326335273401Total303037307194736673558371916393289358950894528631last_img read more


GCA expresses condolences at passing of Knights

first_imgTHE Georgetown Cricket Association (GCA) yesterday issued a press release expressing deep condolences over the passing of former Police Sports Club left-arm seamer, Randy Knights, last Monday.“The president, executives and members of the Georgetown Cricket Association (GCA) wish to express their deepest condolences to the family, relatives, friends and colleagues of the former Police Sports Club left-arm seamer, Randy Knights,” the release said.They went on to note that Knights will always be remembered for the talent he showed in his days as a cricketer.“We, at the GCA, were shocked when we heard of his death on Monday, September 18, 2017. We shall all remember Randy as a talented left-arm seamer who did not fulfil his true potential. May his soul rest in peace!”last_img