How much does it cost to get a Montana business license?
A business license is issued by a government agency to a business that authorizes it to operate in a specific area. They can be issued by governments at many levels, including the federal, state, and local levels. Different businesses and industries usually require different types of licenses.
A Montana business license is required only for enterprises in particular professions or locations. For more information, contact the appropriate state, town, or county government office.
If you are wondering how much a Montana business license costs, the answer isn’t straightforward. It depends on the type of license you require, what you do, and where your company is located in the city or county.
Paying a Montana business licensing cost is far preferable to paying a penalty later on. It’s worth it to follow the necessary steps and get your company off to a good start. Not adhering to state and local regulations might also result in your firm being shut down. That is something you do not want to happen.
Licensing prices
The licensing price is $50 and is paid once a year. Each year on December 31st, the license expires (the license is valid for one calendar year). At the end of each year, businesses are sent a renewal form as a reminder to renew their licenses.
Register your business
It’s time to take the next step and register your firm with the state government after you have decided on a business entity. The processes to accomplish this, differs based on the type of company entity you choose.
In Montana, forming a sole proprietorship is simple. Sole owners are free to do business under their own names without filing any paperwork in Montana; but, if you want to use a business name other than your legal name, you must file an application for an assumed business name. First, check the Montana Business Search tool to see if the name you want to use is accessible in the state.
Fill out an Application for Registration of Assumed Business Name on the Montana Secretary of State’s website. You’ll need to create an ePass Montana account to get started. This application has a $20 filing fee.
Articles of Incorporation must be filed to form a corporation, and Articles of Organization must be filed to form an LLC. After registration with ePass Montana, each document can be filed online, and the filing fee for both is $70.
Each state has its own set of regulations and taxes. Certain businesses in Montana are required to pay state-mandated taxes. For more information, go to the Montana Department of Revenue.
Create a tax account for your company and, when you are ready, file your taxes using the DOR Transaction Portal.
Purchasing insurance coverage to protect yourself in the event of property damage or legal action is a good idea regardless of the sort of business you start. In fact, the federal government requires firms with employees to obtain two forms of insurance, while others are strongly recommended or mandated at the state level, depending on the type of business. To determine which forms of insurance you should get, speak with a certified insurance representative.
