Professional services businesses
Montana allows professionals, such as accountants, attorneys and physicians, to form a
professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Montana corporations.
Corporate records
Montana corporations must keep the following items with their corporate records at the principal office or at a location from which the records may be recovered in two business days:
- The Articles of Incorporation and any amendments
- Bylaws
- Minutes of director and shareholder meetings
- A list of names and business addresses of current directors and officers
- Most recent annual report
Corporate taxes and fees
The following are taxation requirements and ongoing fees for Montana corporations:
- Annual report.
Montana requires corporations to file an annual report between January 1 and April 15. The filing fee is $15.
- Taxes.
For complete details on state taxes for Montana corporations, visit
Business Owner's Toolkit
or the
State of Montana
.
- Federal tax identification number (EIN).
An
EIN
is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number.
Montana does not require a state tax identification number.
Business licenses
Business licenses and/or permits are required for most businesses. The BizFilings
Business License Application Package can help you stay on top of these requirements.
S corporation election
Montana recognizes the federal S corporation election and does not require a state-level S corporation election.
Additional Montana information
View the following additional resources BizFilings has for forming and maintaining companies in Montana: