One of the initial actions you must do when starting a business in Montana is to create a legal entity for it. The creation of a Limited Liability Company (LLC) is among the most popular solutions. Entrepreneurs frequently choose LLCs because they provide pass-through taxation, personal asset protection, and management flexibility. But how much does it cost in Montana to set up an LLC?
In Montana, creating an LLC costs $70. This amount covers the Secretary of State of Montana’s filing fee for the Articles of Organization. You might also have to pay for additional expenses including legal fees, business licenses, and permits.
1. Pick a name for your LLC. It needs to be original and not in use by another company in Montana. To find out if the name is available, visit the website of the Montana Secretary of State.
2. Select a registered agent: On behalf of your LLC, a registered agent is a person or business that receives legal paperwork. Although you can serve as your own registered agent, many business owners opt to use a specialized agency.
3. Submit the Articles of Organization: This is the legal document that establishes your Montana LLC. The filing fee is $70, and you can do it online or by mail. Create an operating agreement: An operating agreement is a legal document that describes the ownership and management structure of your LLC, however it is not needed by Montana law. It can assist in preventing member disputes and safeguard your private assets.
The procedures above must be followed in order to create an LLC in Montana if you are currently a sole proprietor. If you previously utilized your social security number for tax purposes, you will also need to request a new EIN from the IRS.
The Montana Secretary of State’s Office is where you go if you want to register a trademark in Montana. A trademark registration costs $70. A trademark lawyer is someone you may also employ to assist you in the process.
Lastly, is it possible to act as your own registered agent in Montana? In order to receive legal documents, a registered agent must have a physical location in Montana and be accessible during regular business hours. You can, however, be your own registered agent. To save time and ensure they don’t overlook any crucial legal documents, many business owners opt to work with a reputable registered agent service.
To sum up, creating an LLC in Montana is a somewhat easy and inexpensive process. If you have a physical address in Montana, you are eligible to serve as your own registered agent for a fee of $70. You can use a service or a company attorney if you need assistance with the procedure.
LLCs are legitimate in Montana, yes. The Montana Limited Liability Company Act governs Limited Liability Companies (LLCs).