Legal: Setting Up an LLC in Montana

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Step One: Determine Your Business Structure

It is most likely best to form a LLC, limited liability corporation to provide the most shielding from personal assets when dealing with potential rental properties.

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Step Two: File Organizational Documents

Step Three: Apply for Tax ID Numbers

The Internal Revenue Service requires every business who hires employees, or is a partnership or corporation have a federal tax identification number.

Step Four: Apply for Local Licenses

Step five: Create an Operating Agreement

What is an Operating Agreement? An operating agreement is a legal document outlining the ownership and operating procedures of your LLC. This agreement allows you to form financial/working relationships with co-owners into an established system suitable to your business. It is not required to form an LLC in Montana, but is good practice to have one. We provide a free sample operating agreement however we recommend getting one professional drafted by a lawyer, especially if you are starting a multi-member LLC. [source]

Step Six: File an Annual Report

If you have a corporation or limited liability company, you must file an Annual Report to stay in good standing with the Secretary of State’s Office. The report is due each year by April 15 and must be accompanied by a $15 filing fee.

General Advice from State of Montana

ARTICLES of ORGANIZATION for DOMESTIC LIMITED LIABILITY COMPANY

Complete PDF and Mail to:
LINDA McCULLOCH
Secretary of State
P.O. Box 202801
Helena, MT 59620-2801

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