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contact usMontana is a state in the Northwestern United States. Montana has a total area of 147,040 sq miles, is the fourth-largest state in the 50 U.S. The western half of Montana contains numerous mountain ranges. Smaller mountain ranges are found throughout the state. In all, 77 named ranges are part of the Rocky Mountains. The eastern half of Montana is characterized by western prairie terrain and badlands.
Montana is bordered by Idaho to the west, Wyoming to the south, North Dakota and South Dakota to the east, and the Canadian provinces of British Columbia, Alberta, and Saskatchewan to the north.
In 2019, Montana has the population of over 1 million people.
English is the official language in the state of Montana (>90%), like other states in the US. Spanish is the second common language at home other than English. Other languages are German (4%), Spanish (3%), Russian (1%), and Chinese (less than 0.5%).
As established and defined by the Montana Constitution, the government of the State of Montana is composed of three branches, the Legislative, Executive and Judicial.
GDP of Montana in 2019 was $47.18 billion, per-capita GDP was $44,145.
The economy is primarily based on agriculture, including ranching and cereal grain farming. Other significant economic resources include oil, gas, coal, lumber. The health care, accommodation, food services, tourism, construction and government sectors also are significant to the state's economy.
United States Dollar (USD)
The business laws of Montana are user-friendly and often adopted by other states as a standard for testing business laws. As a result, the business laws of Montana are familiar to many lawyers both in the US and internationally. Montana has a common law system.
One IBC supply incorporation in Montana service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.
The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.
The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";
No public register of company officers.
Just 4 simple steps are given to start a business in Montana:
* These documents required to incorporate a company in Montana:
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How to start a business in Montana, USA
There is no minimum or a maximum number of authorized shares since Montana incorporation fees are not based on the share structure.
Only one director required
Minimum number of shareholders is one
Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.
Montana law requires that every business have Registered Agent in the State of Montana who may be either an individual resident or business that is authorised to do business in the State of Montana
Montana, as the state-level jurisdiction within the US, has no tax treaties with non-US jurisdictions or double tax treaties with other states in the US. Rather, in the case of individual taxpayers, double taxation is minimised by providing credits against Montana taxation for taxes paid in other states.
In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business.
Montana, unlike some other states, does not have a “franchise tax” or “privilege tax” just for doing business in the state. That means a corporation as an entity will not be taxed in the state of Montana.
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Payment, Company return due date
All LLC companies, corporations are required to update their records, either annually or biannually, based on the year of registration and pay the $800 Annual Franchise Tax every year.
A Statement of Information must be filed with the Montana Secretary of State within 90 days after filing the Articles of Incorporation and each year thereafter during the applicable filing period. The applicable filing period is the calendar month in which the Articles of Incorporation were filed and the immediately preceding five calendar months
Most corporations must pay a minimum tax of $800 to the Montana Franchise Tax Board each year. Montana Corporation Franchise or Income Tax Return is due on the 15th day of the 4th month after the close of the corporation’s tax year. Montana S Corporation Franchise or Income Tax Return is due on the 15th day of the 3rd month after the close of the corporation’s tax year.
Limited liability companies must file a complete Statement of Information within the first 90 days of registering with the SOS, and every 2 years thereafter before the end of the calendar month of the original registration date.
Once your limited liability company is registered with the SOS it is an active business. You are required to pay the minimum annual tax of $800 and file a tax return with FTB for each taxable year even if you are not conducting business or have no income. You have until the 15th day of the 4th month from the date you file with the SOS to pay your first-year annual tax.
