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Montana
Corporate Name Endings
- The name must
be distinguishable from that of any corporation authorized to transact
business in the state, a reserved or registered name, the fictitious
name of a foreign corporation, or any assumed business name, limited
partnership, limited liability company, trademark, or service mark.
The name must contain the word "Corporation," "Company," "Incorporated,"
"Limited," or an abbreviation thereof.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None.
- Directors are
not required to be listed in the articles of incorporation.
- Officer Information
- Officers are
not required to be listed in the articles of incorporation.
- Stock Information
- An increase
in shares may cause an increase in initial filing fees.
- Corporate Records
- The articles
of incorporation, bylaws, minutes of all shareholders' and directors'
meetings, names and addresses of current directors and officers,
and the most recent annual report must be kept at the principal
office, or at a location from which the records may be recovered
within two business days.
Taxes and Fees
- Annual Statements
- An Annual Corporation
Report must be filed with the Secretary of State between January
1st and April 15th of each year on the prescribed form. The first
report is due between January 1st and April 15th of year following
the calendar year in which the certificate of incorporation or certificate
of authority was issued. Filing fees are $15.
- Income Tax Rate
- The tax is
imposed at the rate of 6.75% of all net income. The minimum tax
is $50.
- S Corporation
- S Corporation
status is recognized by the State of Montana. A separate state election
from the federal election is not required.
- License Requirements
- Montana requires
that you obtain a license and pay a fee if operating certain types
of businesses in the state. The following is a partial list:
- Barbers
- Campgrounds and trailer courts
- Electricians and electrical contractors
- Engineers and land surveyors
- Food establishments
- Hotels, motels, tourist homes
- Itinerant merchants
- Motor vehicle dealers
- Pharmacies and pharmacists
- Public contractors
- Real estate brokers and salesmen
- Tourist
Please check with the state to make sure your business is complying
with the license requirements for your particular profession.
For more information on taxes, visit
http://www.state.mt.us/revenue/.
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