General Guide to Company Incorporation in Montana
Updated on Friday 23rd February 2018
Rate this article 1 reviewsbased on
Montana is also known as the “Treasure State” and it is the fourth largest one in area among states in the USA. The tourism sector and the agriculture in Montana transformed the state into a favorable business climate which is why many foreign entrepreneurs choose this state for their operations. For information about how to do business in this state, we have prepared a general guide to company incorporation in Montana. We also mention that our company formation agents in USA are at your disposal with support and details if you want to open a company in Montana.
How to start an LLC in Montana
Starting a company in USA and having success will depend in the first instance on the type of business an entrepreneur wishes to form. A limited liability company can be easily set up in Montana, and the process starts with the business division of the Secretary of the State of Montana. After a name verification, the Articles of Association must be prepared and submitted to the registration office. The name of the company, the owners, the business address, the activities and the purposes of the company are information which must be comprised in the Articles of Association. Besides that, an LLC in Montana must have a registered agent with residency with a physical address in this state and he/she who will represent your business from a legal point of view. Entrepreneurs can choose to appoint another company as a registered agent if they want so. Our company incorporation specialists in Montana can also represent your business besides providing assistance at registration.
Other types of structures in Montana
Besides limited liability companies which are the most preferred business forms in Montana, entrepreneurs can set up partnerships, sole proprietorships or can direct their attention to corporations or associations. General partnerships are also on the list of entities in Montana and are subject to associations of individuals who share the liabilities in the business, but also the revenues and profits. If you want to open a company in USA, you should first observe the requirements for each type of business and then choose in accordance with your needs and type of activities.
Taxes in Montana
Montana is a preferred business destination for numerous investors from overseas not only for the possibilities they can discover here, but also for the favorable tax structure which sustains their activities. For example, the state of Montana does not impose a sales tax and there is no city sales tax. Even though there are no such taxes, it is good to know that a lodgings tax, a rental tax, and seller & consumer use fees need to be considered in Montana.
Employment in Montana
The labor market in Montana is highly appreciated as there are numerous skilled workers in fields like IT, engineering, tourism, agriculture, mining, manufacturing and many more. The government offers complete information about the available workforce in the state through the official website, but foreigners in search of skilled people for their business in USA can address to recruitment agencies which can offer support in this direction.
Accounting services for your company in Montana
Each type of company in Montana should ask for the services offered by an accounting firm which can observe all the financial operations of your business. Bookkeeping, payroll services, tax minimization methods, tax advice, financial planning or business consulting are among the necessary services an accounting firm in Montana can provide for your company.
Economy in Montana
The economy in Montana is diversified and sustained by important fields like mining, agriculture, manufacturing, and tourism, the latter one being subject to around ten million visitors each year who want to discover the well-known Yellowstone National Park. Helena is the capital of Montana and a business hub for both locals and foreigners who want to operate in the above-mentioned sectors, but not limited to this. Livingston, Billings, Bozeman, Great Falls or Kalispell are among cities which can be chosen for company formation and business development.
If you want to set up a company in USA and particularly in Montana, please feel free to address your inquiries to our team of company formation representatives in USA and contact us at any time.