Reporting Changes to Your Business
When any change in your business occurs, notify the department promptly. A delay could result in additional costs to you later. Be sure to report such changes as:
- Sale of your business;
- Discontinuation of your business;
- A new business name;
- Change in ownership of your business;
- Incorporation of the business (registered with the Vermont Secretary of State's office);
- Change in business address or telephone number;
- Acquisition of another business.
These changes can be reported by completing a Notice of Change Form.
Sale of Business Certification
An employer that is selling its business to someone else can obtain a certification of the status of their unemployment account, which can be given to the buyer to provide assurance that there are no outstanding amounts due on the seller's account. These certifications can only be provided to the seller, not the buyer. Such a certificate must be requested by the seller from this department 10 days prior to the date of sale. Sale of Business Certifications may be obtained by faxing such request to the Program Integrity Unit at (802)828-4046 or by calling (802)828-4333.
Experience Rating Disclosure
Prior to the issuance of the Sale of Business Certification the seller of a business is required, upon request of a potential successor, to disclose to the potential successor it’s current experience rating record.