Forming an LLC in Montana
Forming an LLC in Montana is easy and most business owners can do it on their own as long as they are prepared to devote some time and effort. If you are busy, you can instead hire an incorporation company to take care of the paperwork for you. Letting an attorney take a look at your Operating Agreement is not mandatory but suggested, since an improperly written Operating Agreement can lead to problems with the IRS farther down the road.
Forming an LLC in Montana in 5 easy steps
- When forming an LLC in Montana, the first thing to do is to pick a name for the company. The name must contain an LLC identifier, such as “Ltd Liability Company” or “LLC”. It is forbidden to include any term or terms that implies that the LLC is some other form of entity, e.g. by adding “Corp.” or “Inc.” to the name. The name must of course be available, i.e. not already used by another LLC, and you cannot violate any trademark.
- The second thing to do when forming an LLC in Montana is to file the Articles of Organization at the Montana State filing office.
- During step three, you should have an organizational meeting where you adopt an Operating Agreement for the LLC.
- When the Operating Agreement have been formally adopted, you should get a Federal Employer Identification Number (FEIN) for your LLC and open up a company bank account.
- During the final step, the company should apply for business licenses. It will need one business license for each city (or county) in which it will be active.
Important facts to take into consideration before forming an LLC in Montana
- The minimum state filing fee is $70.00 in the state of Montana. (For 20 business days.)
- The annual report is due January 1st through April 15th. The fee is no more than $15.
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