Forming an LLC in Montana
Forming an LLC in Montana in 7 easy steps
- Step one when forming an LLC in Montana is to select an appropriate name for the company. According to Montana state law, the name cannot include any term or terms that implies that the LLC is some other form of entity, e.g. the endings “Corp.” or “Inc.”. The name must include an LLC identifier, such as “Ltd Liability Co” or “L.L.C.”. You are not allowed to violate trademark law or pick a name that is already occupied by another Limited Liability Company.
- You are not required by law to hire and attorney when forming an LLC in Montana. It can however be a good idea to pay and attorney to go through your Articles of Organization to prevent future tax problems with the IRS.
- Visit the Montana state filing office and file the Articles of Organization. The minimum state filing fee is $70. (For 20 business days.)
- Hold an Organizational Meeting where the members of the LLC adopt the Operating Agreement.
- Your newly formed LLC is now eligible for a Federal Employer Identification Number (FEIN).
- After receiving the Federal Employer Identification Number (FEIN), open up a bank account for the company.
- Apply for local business licenses and any necessary permits from each city and county that you will be active in.
Maintaining an LLC in Montana
In Montana, Limited Liability Companies are required to hand in the annual report between January 1st and April 15th. The annual report fee is $15.
