If you already have an LLC in another state and want a Montana LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Montana.
On this page, you’ll learn about the following:
- Forming an Montana Foreign LLC
- Steps to Register your Montana Foreign LLC Online
- After Forming Montana Foreign LLC
Forming an Montana Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Montana, you need to register it with the Montana Secretary of State.
Step 1: Choose Montana Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Montana Secretary of State. Your LLC’s legal name outside of Montana will be listed on the application, along with the name it will use in Montana. Take note of the requirements for naming your LLC.
Step 2: Select Montana Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Montana and take note that a Montana registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Montana Foreign LLC
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Montana
- Date when your LLC will start operations in Montana.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Montana, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Montana Foreign LLC is taxed
Foreign LLCs are also subjected to the Montana Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Register your Montana Foreign LLC Online
Time needed: 5 minutes.
To set up your Foreign LLC in the State of Montana, you are required to submit your Application for Certificate of Authority of Foreign LLC with the Secretary of State of Montana. The cost of registration is $70. Once approved by the State Authorities, you will receive a Certified Copy of your Registration from the Secretary of State office. We have explained the aspects you need to cover when you apply for the Montana Foreign LLC.
- Visit the Official Website of the Secretary of State of Montana
Go to the Official State Website of Montana.gov. The website offers an ePass Montana portal which is a convenient and secure way to access Montana Government services.
- Login to your Account
If your account already exists on the ePass portal, proceed to log in by clicking on the ‘Login’ tab. On the next page, fill in your ‘username’ and ‘password’ and click on the ‘login’ tab again. In case you do not have an account, read the next step below to know more about it.
- Create your Account
To create your account on the ePass Montana portal, click on the link provided to create an account under the New User heading. On the next page, provide your personal information details such as First and Last name, primary email, and email verification. In the second column, create your username and password. Next, verify your password and create a password hint for future reference. Next, in the 3rd box, answer three different security questions selected as per your choice. Next, click on the ‘save changes’ tab.
- Proceed to File your application
After confirmation of your account, log in to your ePass Montana Portal. Select ‘File Online’ under Foreign Limited Liability Company. Fill in the required details.
- Review the information
Thoroughly review the information provided by you in the form to be correct and accurate. All the information should be filled in in accordance with the State instructions and guidelines.
- Make the Payment
Next, proceed to the payment gateway page and make the payment. The Filing fee for a foreign LLC in the State of Montana is $70.00.
Once you have completed your filing, you will receive a notification confirming your application for Foreign LLC in Montana by the Secretary of State Office. You will receive a response to your application within 7 to 10 business days from the State Office.
After Forming Montana Foreign LLC
Here are added things you need to accomplish after forming your Montana Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Montana.
How Much Does It Cost to Register a Foreign LLC in Montana
To register as a foreign LLC in Montana, you can file online by paying a filing fee of $70 to the Montana Secretary of State.
If you are looking to register a Foreign Limited Liability Company in Montana, you will need to comply with specific rules. In order to do so, you will need to apply for a certificate of good standing. This will be filed with the Secretary of State, as well as a certificate of registration. These two documents will allow you to transact business in Montana. The rules for registering a foreign business in Montana vary from state to state, so it is best to review the requirements of your state before you begin the process.
You will also need to apply for a business license. If you will be selling goods or services, you will need to pay taxes. If you will be doing internet sales, you may be exempt from paying taxes. However, you will still need to register a registered agent. Your registered agent will be responsible for ensuring that your business is properly registered. Fortunately, you can find a registered agent service that will handle the process for you. It will cost you between $100 and $300 a year, but you will receive helpful business services such as legal and privacy protection.
Once your LLC is registered in Montana, you will need to file an annual report. This is due by April 15 every year. Failure to file your report by this date can result in a penalty of $15. An expedited processing option costs an additional $100 and will result in your filing being processed within one hour.
You will also need to apply for an Employer Identification Number, or EIN, from the IRS. A unique EIN is needed by every LLC, and can be obtained free of charge from the Internal Revenue Service. While forming a LLC can seem complicated, the process is actually quite simple. To make the process easier, you can consult ZenBusiness, a service that provides guidance for business formation.
You will need to fill out a form called the Articles of Organization. This form will include information about your LLC, including its name, term of existence, and its principal office address. Also, you will need to enter the name and address of your registered agent. You will also need to enter your company’s name, along with any other abbreviations you have chosen.
Your registered agent must be an adult resident of the state, and be available to meet with your company during normal business hours. You can also choose to hire a registered agent service to handle your company’s administrative matters. There are several options for a registered agent, including an individual, a manager, or a company.
The process of registering a Foreign Limited Liability Company in Montana is very simple, and you will have the peace of mind knowing that you are doing business in a tax-friendly state. Although it is relatively inexpensive to form a foreign company in Montana, it is important to understand what to expect and how to prepare yourself for the process.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Montana.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Montana as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Montana does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.