One important thing to note about filing in Montana is that its business filing system is entirely online. That means you will need to set up an ePass account with the state before you can get anything done. Make sure you handle this before attempting to file documents with the state.
Costs to Form an LLC
To start your LLC in Montana, you must file Articles of Organization with the Secretary of State’s office and pay a $35 filing fee. If your LLC exists in another state but you wish to expand into Montana, you must file a Certificate of Authority for Foreign Limited Liability Company, which costs $70. Each year, you’ll file a Montana LLC annual report via the Montana Secretary of State’s business services portal. It costs $20 to file.
Setting Up an LLC
Below is a comprehensive guide to assist you in setting up an LLC in Montana:
- STEP 1: Choose a Name for Your LLC.
- Naming Requirements: Your desired LLC name must include “Limited Liability Company” or its abbreviations like “LLC” or “L.L.C.”
- Distinctiveness: The name should be distinguishable from existing entities registered in Montana.
- Name Search: Confirm the availability of your chosen name via the Montana Secretary of State’s online business name search.
You should file an LLC in Montana because it provides many benefits, particularly for those who are acquiring luxury cars. Montana is also one of the states where a Series LLC can be set up, making it a great option for real estate investors in particular.
Registration and Processing Time
It can normally take a few days to a couple of weeks to get an LLC in Montana. The processing time can be reduced when filings are made online as it then largely depends on how quickly the Montana Secretary of State’s office can process the application.
Prepare articles of organization and file them with the Montana State Corporate Commission to properly register your Montana LLC. You can also send it by mail.
If you live in and conduct business in Montana, Montana is a good state to start a business. Real estate exception: If you’re purchasing real estate outside of Montana, you should form your LLC in the state where the property is located.
Business owners do not have to pay any additional taxes to start an LLC.
Employer Identification Number (EIN)
Do you need an EIN for your Montana LLC? Yes, you need an EIN for your Montana LLC, which is necessary for running a business.
Guide to Starting an LLC
In this guide, we’ll take you through the steps of how to start an LLC in Montana, from choosing a name to registering and obtaining necessary licenses and permits.
An out-of-state LLC wanting to do business in Montana will have to register as a foreign LLC by filing the Application for Certificate of Authority with the Montana Secretary of State.
Overview of LLCs: An LLC is a business structure that combines the limited liability of a corporation with the pass-through taxation of a partnership or sole proprietorship.
What is required to set up an LLC in Montana? To form an LLC, file articles of organization, nominate a registered agent, and potentially prepare an operating agreement.
Annual Requirements for Montana LLCs
In Montana, LLCs are required to file annual reports online using the Montana ePass system. The yearly fee is $20 and must be submitted by April 15 to avoid late charges.
The filing fee for the Montana Articles of Organization is $70. Establishing an LLC seems to be a streamlined process, offering significant benefits for entrepreneurs.
Creating an LLC in Montana offers various benefits, including limited liability protection and potential tax advantages.
It costs $35 to register as a domestic LLC in Montana. For foreign LLCs, the registration fee is $70. There’s also an annual report filing fee of $20.