A note from Chris Cassidy, CEO

MY FIRST EXPERIENCE with LLCs came in my early twenties. A few friends and I started up an LLC to run weekend basketball clinics for youths in Chittenden County. I absolutely loved being in the gym, but I didn’t love keeping our books. Thankfully, the business was relatively simple, and since it didn’t make a lot of money, I was able to do the annual filings and federal and state tax returns myself by hand in the comfort of my kitchen. When the three of us got too busy with other life events, it was easy to dissolve the LLC and move on with our lives.

Many individuals have much more complicated (and valuable) businesses or situations that require tax expertise that cannot be done by hand in the kitchen.
In some instances, people have grown a successful business with significant value that they are trying to monetize and need advice. In other instances, individuals have passive gains or losses from a real estate property and need advice how best to utilize it. In other instances, someone may have inherited significant assets from a parent and are trying to figure out how it will impact their tax returns going forward and what they can do about it.

Trust Company of Vermont has always offered more than investment management to clients. We have knowledgeable estate planning attorneys on staff to provide guidance on complex situations and help with review of trust documents newly drafted by clients’ attorneys, or perhaps drafted decades ago and still impacting our clients. We have a department for helping clients with bill pay to provide people peace of mind that property taxes, estimated taxes and various bills will be paid on time. We have financial planning experts to help answer questions such as, how much money can I safely spend in retirement? We have Certified IRA Professionals and seasoned Trust Administrators to help with transactions both usual and unusual.