Preliminary information about the State of Montana
Agriculture is a major business in the state of Montana, with roughly two-thirds of the total land devoted to farmland or agriculture.
Entrepreneurial activity is very high, with the Kauffman Foundation ranking Montana eighth in rate of new entrepreneurs. Not only does high school achievement rank third in the U.S., but another plus is that the state boasts the fourth-shortest commute times of all states, averaging 18 minutes.
We have prepared a guide on forming an llc in the state of Montana, the costs of an LLC company to be formed in Montana, forming an llc at the most affordable price and the steps you need to take at this stage.
In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
The registered agent company, from which you will receive support during the installation phase, will provide the mentioned formation documents for the installation. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual (1 per year) |
| Fee to be Paid to the State During LLC Company Formment | 35$ | ✔ | – |
| Annual Payment | 20$ | – | ✔ |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
- Montana LLCs must submit reporting payments ($20) to the state annually
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC in Montana?
You can form an LLC remotely online in the state of Montana, you do not need to visit the state in person. Additionally, non-US citizens are not required to have an ID or passport.
You will need a registered agent for the installation, who will prepare and file the necessary documents online for you with the state.
If you do business with the Northwest agency, you do not need to pay extra for the company address because this agency has offices in all US states and allows you to use its offices as your business address. Other details are below.
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
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- Apply Online: Determine a Registered Agent to establish your company and keep it active. Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will fulfill all transactions for you according to the order form in your application and will be your Registered Agent in this state
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. It is not required to be created in many states, and it is not required to be created in Montana. Northwest will prepare an operating agreement for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval and formment period of the LLC company is between 5 and 7 days in the state of Montana.
What happens after your LLC company is approved in the state of Montana?
- After the company is formed, your LLC formation document is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the Free EIN Application guide . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. the order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: In Montana, LLCs must file an Annual Report with the state each year, whether there is income or not. It is necessary to fulfill the Annual Report requirements in a timely manner.
Annual Report Date:
in Montana : There is no state sales tax in Montana . There are a total of 69 local tax jurisdictions across the state, which collect an average local tax of 0.002%. Along with the state sales tax, the highest sales tax rate in Montana is 5% in the cities of Sydney, Fairview, Westby, and Biddle.
Obtaining Business Licenses and Permits
The state of Montana does not have a standard state business license. Because the state has no state sales tax, businesses are not required to obtain any separate seller's permits. However, there are many statewide specialty licenses for specific occupations and industries. You may need one of these licenses before opening a store in Montana. Most Montana cities and some counties require a general local business license or a license for specific occupations or industries.
While state-level business regulation is somewhat lighter compared to some other U.S. states, Montana still requires nearly every business to obtain some form of business license. While your state government may not have any general licensing requirements, there are hundreds of different specialty licenses that may apply to your business, depending on the profession and/or industry in which you operate.
detailed information about Montana business licenses Forbes .
Annual Reporting
Montana LLCs are required to file an annual report with the state each year. The report serves as an information update that lets the government know who is responsible for your business and how to contact you. Montana's annual report filing fee is $20. The report can only be paid for and filed through the Montana Secretary of State website.
Annual Report Date:
The deadline for Montana's annual report is April 15 of each year following the formment of the business.
You can easily pay your annual report on the state website.
For more information on general taxation issues regarding LLC companies, Taxation in America .
