Your LLC’s name needs to be distinctive and easy to tell apart from other Montana companies. Use the Business Entity Search tool on the Montana Secretary of State’s website to determine whether a name is available.
Step 2: Submit Articles of Incorporation Articles of Organization must be submitted to the Secretary of State in order to create an LLC in Montana. Online or mail-in filing is an option. For online applications, the filing fee is $70, whereas it is $90 for paper applications.
Step 3: Create an operating contract Although it is not necessary under Montana law, you should create an operating agreement for your LLC. This document describes the ownership, management, and operational practices of the company. Additionally, it can safeguard your liability protection and aid in resolving member conflicts.
For tax purposes, the IRS will provide your LLC a unique nine-digit number called an Employer Identification Number (EIN). The IRS website offers a free online EIN application process.
Is Domestication of an LLC Permitted in Montana? Yes, Montana does enable LLCs created in other states to “domesticate” or change their legal status to become Montana LLCs. Articles of Domestication must be submitted to the Secretary of State of Montana during the procedure. Additionally, you’ll require a Certificate of Good Standing from your home state. Does Montana Require a Business License?
Although there isn’t a generic state business license for Montana, some occupations and industries do need particular licenses or permits. Find out from the Montana Department of Commerce whether your company need any particular licenses or permits. Can I Work for Myself as a Registered Agent in Montana?
In Montana, you are permitted to act as your own registered agent. However, in order for legal documents to be delivered to you in Montana during regular business hours, you must have a physical street address.
The filing charge for the articles of organization ($70 online or $90 by mail) and the yearly report fee ($20) are included in the price of incorporating an LLC in Montana. For additional services like expedited processing or name reservations, you could also have to pay a fee. Overall, compared to other states, setting up an LLC in Montana is not prohibitively expensive.
Finally, creating an LLC in Montana is a simple procedure that includes picking a distinctive name, submitting Articles of Organization, writing an Operating Agreement, acquiring an EIN, and registering for state taxes. You can form your LLC and take advantage of the liability protection, flexibility, and tax benefits by following these instructions and fulfilling all prerequisites.
Depending on the form of LLC and the filing method chosen, different LLCs have different filing fees for their Montana annual reports. For the majority of LLCs, the annual report filing charge online is $20. However, there is a $15 fee for submitting the report in print form. A Montana LLC’s maintenance may also be subject to additional charges or taxes.