Step 1: Verify the Availability of the New Name You must first confirm that the new name you intend to use is accessible before changing the name of your LLC. On the website of the Montana Secretary of State, you may perform a company name search to see if the name is available. A replacement name must be chosen if the one you want is taken.
Second step: submit articles of amendment You must submit Articles of Amendment to the Secretary of State of Montana after choosing a new name for your LLC. The new name of your LLC, as well as the name and address of the registered agent, must be included on this form, which can be submitted online or by mail.
Step 3: Update company Licenses and Permits
After changing the name of your LLC with the Secretary of State of Montana, you must update your company licenses and permits to reflect the new name. This includes any licenses and permits your company may hold from the municipal, state, or federal governments.
Update Internal LLC Documents (Step 4) Last but not least, you need to change the name on any internal LLC documentation. This applies to any legal documents that use the previous LLC name, such as your LLC operating agreement, tax forms, and other legal documents.
Creating a Business Account in Montana You must register your company with the Montana Secretary of State if you are opening a new business in Montana. Articles of Organization and a filing fee must be submitted, and this can be done online or by mail. Does an LLC receive a 1099? If an LLC has earned income that must be reported to the IRS, a 1099 form may be received. This comprises earnings from side jobs, rental income, and other sources. The benefits of a Montana LLC The state of Montana has advantageous tax rules, which is one benefit of setting up an LLC there. Both the sales tax and the corporate tax rate are absent from Montana. Additionally, LLCs in Montana are a desirable alternative for proprietors of small businesses because they are not required to submit annual reports or hold annual meetings.