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Advantages of Incorporating a Business in Montana

Date: 10/17/2018 | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Montana

Are you nervous about forming a startup company Montana? It is a state that has a growing and stable economy is the state good for the growth of a business? Tax Foundation has ranked the state #6 when it comes to Business Tax Climate and Gallup-Healthways ranks Montana #3 on the list of “Happiest States in the Nation”. Some of the top companies headquartered in Montana include Benefis Health System, St Patrick Hospital & Health, Washington Corporations, Blackfeet Tribe, First Interstate BancSystem Inc., The Waggoners Trucking, and Murdoch’s Ranch & Home Supply among others.

Business Growth Incentive for New Businesses

As one of the top registered agents in the state, we can help you register a new business in Montana as this will ensure you are able to leverage all types of business gains and state provided incentives and grants. Let’s take a quick look at why Montana is the right destination for establishing a business:

Advantage#1: The benefits of Incorporation or LLC formation

Corporation

  • Tax Incentives: There are a variety of tax incentives that businesses can benefit from in the state. Some of the popular incentives include:
    – Energy Conservation Investments Deduction
    – Energy Conservation Installation Credit
    – Property tax abatement
    – New or Expanding Industry Wage Credit
    – Infrastructure Users Fee Credit
    – Mineral and Coal Exploration Incentive Credit
    – Qualified Endowment Credit
    – New Market Tax Credits
  • Independent life: When you register a new business in Montana as a Corporation, it will enjoy an independent life. This means that the incapacitation or death of a stockholder will not have a negative impact on the business operations.
  • Pass through taxation: If you register a new company in Montana as an S corporation then the corporation or firm will not pay any income tax. Instead, the income or loss of the corporation will be passed on to the stockholders.

LLC

  • Montana State Small Business Credit Initiative (MT SSBCI) Program: If you are planning to register a new company in Montana as an LLC then this program will be extremely beneficial as it facilitates small business lending and investment. In fact, the program has already generated in excess of $1 Million in private financing for small businesses in the state.
  • Limited Liability: One of the greatest advantages of forming a Montana LLC is “personal liability protection”. As an owner of an LLC, you will not be held under personal liability for any debts of that LLC. The creditors of LLC will not be able to touch your personal assets including car, property, bank accounts etc.
  • Flow through Taxation: An LLC can benefit from the process of flow through taxation that will ensure there are no double taxations.

Advantage#2: Montana Business Incentive Programs

If you register a new business in Montana, you will be able to take advantage of several programs that provide a variety of benefits right from tax credits or abatements to loans and financing. Some of the most popular programs beneficial for all types of businesses include:

  • New Industrial Property Benefit Program: This program offers businesses a reduced taxable valuation rate of 3% on new industrial property for the first 3 years of operation. This abatement is available to businesses in the manufacturing sector, mining, production of materials, warehousing, transportation, and agricultural sector among others.
  • New or Expanded Industry Credit: This is a program that will benefit a startup company Montana as it provides a credit on 1% of total wages that are paid to new employees. The credit is available for a period of 3 years since inception or operation.
  • Empowerment Zone Tax Credit: This is a program that allows eligible businesses established in various empowerment zones to benefit from a $500 credit against income tax liability on employees. This is a benefit that can be applied to insurance premium tax as well as income tax.

Once you register a new company in Montana, there are several other programs that you can benefit from and these include Energy Conservation Investments Deduction, Growth Through Agriculture (GTA) Program, Micro-Business Loans, Primary Sector Workforce Training Grant Program, and Research and Development Firms Tax Exemption among others.

Are there any Disadvantages of Incorporating in Montana?

Your business can enjoy a variety of advantages in the state of Montana and these include organizational benefits as well as business incentives in the state of Montana. The big question is if there are any disadvantages? There are just a few disadvantages, which are mostly related to the type of organization you form. For example, LLC’s get dissolved when they experience bankruptcy or if a member dies. The bottom line is that the advantages and benefits to a startup company in Montana far outweigh the disadvantages.

Order LLC now  Order INC now

Why Montana?

Date: 07/06/2015 | Category: | Author: Jakub Vele

Why incorporate in Montana

Business Information & Rankings

  • Montana ranks 4th in the nation in the amount of new high-tech research and development per capita.
  • Montana ranks as one of the nation’s top ten states in hydroelectric capacity.
  • Montana ranks 7th in the country for renewable energy potential, with the 7th best wind resources.
  • Montana ranks 2nd in the nation in acres of land devoted to farming and ranching.

Cost of Living Index

For Bozeman, MT (2005):Index Score
Composite:101.9
Housing:99.1
Utilities:104.2
Misc. Goods & Services:105.3

Crime Rate

Montana has the 18th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Business inventory is exempt.

Corporate Income Tax
Montana’s corporate tax structure consists of a flat rate of 6.75% on all corporate income. Qualified corporations may elect to pay an alternative tax of 1/2% of gross sales in Montana during the tax year.

Personal Income Tax
Montana’s personal income tax system consists of ten separate brackets with a top rate of 11% starting at an income level of $76,200.

Personal Property Tax
Taxable. Montana is one of the 38 states that collect property taxes at both the state and local levels. Montana does not assess tax on intangible personal property.

State Sales and Use Tax
Base Rate: None
Machinery Rate: None

Unemployment Insurance
Montana charges new employers the average industry rate for 3 years.

Nebraska

Date: 06/22/2015 | Category: | Author: Jakub Vele

NEBRASKA CORPORATION total only $124.00

Including Nebraska State Initial Filing fee $35.00 and $89.00 fee for checking name availability,preparing Nebraska state-approved Articles of incorporation, filing Articles with state, sending Articles to you.

See what’s included

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Once your company is set up, you will need:

  1. Tax ID (EIN) – free over the Internet or phone.
  2. Yearly Requirements and Fees for Nebraska companies
  3. Company Minutes & Stock Certificates – are included in incorporation. You will have access to documents generated on your client account.

Nebraska Corporation ORDER ONLINE

Date: 07/06/2015 | Category: | Author: Jakub Vele

Nebraska Corporation

 ORDER ONLINE: Use this online order form and pay by credit card.

 ORDER BY FAX: You can print and fax us this order form.

Frequently Asked Questions about Nebraska Corporations.

Nebraska LLC ORDER ONLINE

Date: | Category: | Author: Jakub Vele

Nebraska LLC (Limited Liability Company)

 ORDER ONLINE: Use this online order form and pay by credit card.

 ORDER BY FAX: You can print and fax us this order form.

Frequently Asked Questions about Nebraska Corporations.

Nebraska Registered Agent

Date: | Category: | Author: Jakub Vele

Nebraska Registered Agent / Resident Agent

Pricing $89.00 per year, special for pre-pay $40 per year

Don’t get fooled by companies claiming the lowest price and increasing it later. Our pricing is very simple. We charge $89 per year. We also have few specials. Whenever you decide to pre-pay additional years you get them for $40/year.

New Company

starting business
(new corporation, LLC, etc.)

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Change of Agent

changing existing
agent to us

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Renewals

existing clients
for NE resident agent

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Why you need a Registered Agent?

Nebraska State laws require business entities to maintain a Resident Agent in the state that you form your business. The agent’s name and office address are included in the Articles of Incorporation or Articles of Organization to give public notice of where to send important documents to your business entity.

If you need Registered agent in other State than Nebraska click here.
We offer Registered Agent service in all 50 States.

State Fee for changing Nebraska Registered Agent

For domestic profit corporation – registered agent/office change: $25.00 and for registered agent resignation: $0.00; For LLCs – registered agent/office Change is $10.00 and Resignation of Registered Agent is also $10.00.

Registered Agent Requirements

Each corporation must continuously maintain in this state: (1) A registered office with the same address as that of the registered agent; and (2) A registered agent, who may be:(i) An individual who resides in this state and whose office is identical with the registered office; (ii) A domestic business or nonprofit corporation whose office is identical with the registered office; or (iii) A foreign business or nonprofit corporation authorized to transact business in this state whose office is identical with the registered office.