Montana LLC
For Montana LLC prices and State fees, please visit the costs page for forming an LLC in Montana.
Montana llc formation is an alternative to corporations and partnerships. The Montana LLC is a separate legal entity, unlike a sole proprietor, however the taxation is nearly identical to a partnership or sole proprietor. The Montana Limited Liability Company is a pass-through taxation entity. This means that the profits of the company pass through the LLC to the owner(s), who pay taxes on the company profits. The same taxation can be applied to corporations, however the corporation must file for the "S election" tax status, IRS form 2553. The business structure differences, can be explained to you by Companies Incorporated representatives, just call (800) 830-1055.
Montana llc formation creates a separate legal entity that shields the owners of the business from liability, debt and contractual obligations, the business is viewed as a separate "person" that is responsible for the Montana LLC liabilities. In order to maximize the protection the company can provide, it must be operated correctly. Examples of these formalities include filings to maintain standing with the Montana State Office, as well as operational formalities, such as not commingling personal and company funds and documenting business decisions made by the officers in annual meeting minutes of the shareholders. For more information on Montana Limited Liability Company, you can call Companies Incorporated at (800) 830-1055.
Montana Limited Liability Company offers a wide range of flexibility and fewer operating formalities. Montana LLC has the flexibility to create organizational structure through the owners via an operating agreement. This agreement allows the owners to allocate ownership, distribution of profit and operational power in great detail. Companies Incorporated includes a sample operating agreement with every Montana llc formation. Some banks require an operating agreement to open a bank account. For more information on Limited Liability Companies, call Companies Incorporated at (800) 830-1055.
