Vermont § 3304 - Activities not constituting transacting business

§ 3304. Activities not constituting transacting business

• (a) Activities of a foreign limited liability partnership which do not constitute transacting
  business for the purpose of this subchapter include: (1) maintaining, defending, or settling an action or proceeding; (2) holding meetings of its partners or carrying on any other activity concerning its
  internal affairs; (3) maintaining bank accounts; (4) maintaining offices or agencies for the transfer, exchange, and registration of the
  partnership’s own securities or maintaining trustees or depositories with respect
  to those securities; (5) selling through independent contractors; (6) soliciting or obtaining orders, whether by mail or through employees or agents or
  otherwise, if the orders require acceptance outside this State before they become
  contracts; (7) creating or acquiring indebtedness, with or without a mortgage, or other security
  interest in personal property; (8) collecting debts or foreclosing mortgages or other security interests in property
  securing the debts, and holding, protecting, and maintaining property so acquired; (9) conducting an isolated transaction that is completed within 30 days and is not one
  in the course of similar transactions; and (10) transacting business in interstate commerce. (b) For purposes of this subchapter, the ownership in this State of income producing real
  property or tangible personal property, other than property excluded under subsection
  (a) of this section, constitutes transacting business in this State. (c) This section does not apply in determining the contacts or activities that may subject
  a foreign limited liability partnership to service of process, taxation, or regulation
  under any other law of this State. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)