Montana Business Facts
When it comes to America’s Top States for Business ranking, Montana is right in the middle at No. 24. Montana can be the best and the worst state for business. Nonetheless, the government is currently working out to make business more convenient for investors. People residing in Montana enjoy a great deal of hiking, fishing, skiing, and river floating.
Major Companies Headquartered in Montana
Montana is the headquarters of many major companies including Benefis Health System, State of Montana, Glacier Ban, Town Pump, and Kalispell Regional.
Montana is a good place for startups because of the low cost of living in the state. Businesses are not obliged to pay or collect sales tax. For businesses looking to expand, the properties in the Big Country are inexpensive.
There are 3 basic options: a Corporation, LLC or DBA. Click here to learn more about business entities.
Choosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). In Step 3 we’ll show you how to search for the name in Montana, but we highly recommend you do the following before searching Montana state databases:
NOTE: Familiarize yourself with the Montana naming guidelines. LLC entity names need to contain the words Limited Liability Company or the abbreviation LLC, and certain words are restricted or prohibited.
Restrictions on Montana Business Name & Business Purpose
Each state has its own requirements for registering a business. Now that you’ve chosen a business structure and selected your business name, here are the requirements to register your business in Montana.
How to form an LLC in Montana
How to Incorporate in Montana
NOTE: When registering a new company the Secretary of State can take several weeks to file the paperwork. You can expedite the process by hand delivering the documents directly to them or one of their field offices and paying an additional fee.
TIP: Check our order form to see how long Montana is currently taking to process regular and expedited orders.
How to File a DBA in Montana
Optional Considerations when registering a Montana business
Ready to register a business in Montana?
To keep business and personal expenses separate, you should open a separate account for your business. In addition, getting business credit cards is how you begin to build a company credit profile (corporation or LLC required) and can later qualify for larger loans and lines of credit. To open the account simply call your chosen bank and inquire on the steps to open a business bank account. Typically you’ll need a) your filed paperwork, b) your EIN and c) a company resolution authorizing your company to open the account (signed by the owners, members, officers or directors, etc.).
Top 5 Major Banks in Montana
TIP: Our business formation service includes a free banking resolution for your use.
Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).
TIP: We work with a company that can obtain and prepare business licenses and permits for you. Click here to learn more.
DBA: Your Fictitious Business Name should be valid for 5 years, with option for renewal.
LLC: Montana corporations are required to file a Periodic Report with the Montana Secretary of State on or before April 15 each year, in addition to general taxation. Information on your business’ taxes can be found here. The filing fee is $70.
Corporation: Business in Montana should file a report annually on or before April 15 to the Division of Corporate and Consumer Services. LLCs and Corporations will pay a filing cost of $15.
Business Services (for Corporation and LLC filings)
P.O. Box 202801
Helena, MT 59620-2801
Phone: (406) 444-3665
Fax: (406) 444-3976
Montana Taxation Departments
Montana Labor and Employment Departments
Montana Startup Resources
1. Small Business Administration (SBA) Montana District Offices
2. SCORE Montana
3. Montana Legal Statutes
5. Montana Means Business
6. Angel.co Montana Startups
7. Montana Business News
9. Montana Small Business Development Center
10. Tri-County Green Business Program
Wow loved it thankyou! I dreaded making this for a month thinking it would be a hassle. It wasn't thanks to you guys!
Excellent in all aspects. Perfect for new business owners with limited resources but wants to start it off right.