• Alternative Fuel Motor Vehicle Conversion Credit
• Charitable Endowment Contribution Credit
• Contractors Gross Receipts Tax Credit
• Credit for Contributions to Housing Trust Fund
• Developmental disability services account Credit
• Credit for Increasing Research Activities
• Empowerment Zone Tax Credit
• Historic Building Preservation Credit
• Interest Differential Credit
• Investment Tax Credit
• Mineral Exploration Incentive Credit
• Montana Capital Company Credit
• Montana College Contribution Credit
• Infrastructure User Fee Credit
• Montana Dependent Care Assistance Credit
• Montana Disability Insurance for Uninsured Montanans Credit
• New/Expanded Industry Credit
• Recycling Credit
• Alternative Energy Producers Credit

• Capital Gains and Dividends from Small Business Investment Company Tax Exemption
• Research and Development Firms Tax Exemption

• Primary Sector Business Workforce Training Act
• Energy Conservation Investment
  

• No entity level tax on LLCs.Forming a Limited liability company (LLC)
  
• This form of business offers both the protections from personal liability of a corporation and the favorable tax treatment of a partnership. It provides for flexibility in the contribution and distribution of assets.
  
• Under this type of structure, you need not hold annual meetings, but you do need to file Articles of Organization and annual reports with the Secretary of State’s Office.
  
• Professional limited liability companies have the same requirements as professional corporations.
  

• A corporation is a more complex form of business organization. It exists apart from its owners or shareholders and is a legal entity in its own right. As a separate entity, it has its own rights, privileges, and liabilities apart from the individuals who form it.
• A corporation has shareholders who invest money in the business and therefore own it. The shareholders hold an annual meeting at which they elect a board of directors. The board makes policy decisions for the company and selects the corporate officers who manage the company’s daily affairs.
• A corporation affords limited liability to its shareholders and can continue on after the death of or transfer of shares by one or more of the owners. A corporation pays taxes on its profits, and its shareholders pay taxes on dividends.
• There are several types of corporations; some operate for profit and others are not for profit. An attorney can advise you as to which type best suits your needs.
  Among these types are:
  • S corporations. These generally do not pay taxes. Profits or losses are passed on to the individual shareholders’ gross incomes for tax purposes. You must apply to the Internal Revenue Service to get S corporation status. The IRS places limits on who can be a shareholder.
  • Statutory close corporations. This type of structure allows a business to eliminate many of the formalities of a standard corporation. For example, the business can elect to operate without a board of directors. A shareholder of a statutory close corporation may not sell his shares in the business without the approval of the other shareholders. You must file Articles of Incorporation with the Secretary of State’s Office.
  • Nonprofit corporations. These are established solely for the benefit of charitable, religious, educational, or scientific purposes. No earnings are distributed to members, trustees, officers, or other individuals, except for compensation for services rendered. A nonprofit corporation is exempt from income tax. You must apply to the IRS for nonprofit status, and you must file Articles of Incorporation with the Secretary of State’s Office. A nonprofit corporation may take one of three forms: 1) A public benefit corporation operates for public or charitable purposes. Members may not sell their interests or receive distributions from the organization. 2) A mutual benefit corporation exists to serve its members. Trade associations, social clubs, and fraternal organizations are examples of this type of nonprofit. Members are given broader voting rights and, while not entitled to receive distributions while the organization is operating, they are entitled to sell their memberships and receive distributions when the organization dissolves. 3) A religious corporation is treated much like a public benefit corporation.
  • Professional corporations. Individuals who are licensed in certain professions may form a professional corporation. This provides them with the benefits of a corporate structure for the business aspects of their practices while preserving the personal and professional relationship between them and the clients they serve. Shareholders may only be people who are licensed to render the specific professional service; at least half of the officers and directors must also be licensed. A professional corporation must file Articles of Incorporation with the appropriate professional licensing entity.

Incorporate in Montana

Form an LLC in Montana