Steps to Establish a Business
What technical steps do I need to complete to establish a business in Montana?
- Step 1: Conduct a quick business name search to ensure your name is not already taken: Click Here
- Step 2: Consult your attorney and CPA to determine the type of business entity you should choose Click Here
- Step 3: Register your business with the Montana Secretary of State Click Here
- If you are choosing an entity besides a Sole Proprietor, you can use this link to register your entity with the Montana Secretary of State, Create your Articles of Organization and file your EIN in one simple step and for one affordable fee: Click Here (If you use this link, you may jump to Step 5)
- Step 4: Apply for a Federal ID number: Click Here
- Step 5: Find and apply for a professional license: Click Here (Select- find a professional licensing board to locate a license for your industry)
- Step 6: Inquire to see if you need an inspection or permit: Click Here
- Step 7: Obtain a business license for your city. For Billings, Click Here
- Step 8: Set up a business bank account (You will need proof of business name & Federal ID number).
- Step 9: Purchase liability and other applicable business insurance (consult your agent).
- Step 10: Work with insurance agent & CPA to determine if you need worker’s compensation or an independent contractor’s exemption (this is important).
- Step 11: The Federal Corporate Transparency Act requires certain entities to file beneficial ownership information (BOI) reports to the Financial Crimes Enforcement Network (FinCEN). You have 90 days from starting your business to register before you start incurring fines. To register: https://www.fincen.gov/boi [fincen.gov
For questions on Worker’s click here or consult your insurance agent
For questions on Independent contractor’s exemption consult your CPA.
