Becoming a Business Owner in Montana: Filing an LLC

Owning a business in Montana can be tough. Here's the first step to legit business-hood!

Let me take you back for a second to when I first started my Boss Lady Journey.

(Insert Wayne-and-Garth-style arm gestures)

In the Fall of 2012, I decided that I wanted to be a copywriter, which meant I would write the words on other peoples websites.

I had zero clients and zero leads.

I had just left a five year career of corporate and social event planning and I was ready to break out on my own. But I was in a new place (Montana) and the resources were not very apparent and very hard to find.

So I've decided to start a series where I talk about the unique challenges to being a business owner in Montana. And if you're looking for the first steps, I'll be showing you how I slowly made my business more and more official with the passage of time.

Up first? Filing my LLC (it's so simple!)

1 | You don't have to file an LLC right away.

I STILL have friends who have been in the business that don't have an LLC. 

If you're a sole proprietor, without a lot of (or any) assets, and you don't invest heavily in your business, being a sole proprietor is fine.

The basic reason that you'll want to become an LLC at some point is so that you can protect your BUSINESS assets from your PERSONAL assets.

As a sole proprietor, according to the law, you are your business and any business debts or possibly law suits can be levied against your business assets and your personal assets (think personal retirement accounts, etc.).

If this isn't a concern for you, then stick to a sole proprietorship (which you don't need to do anything about).

2 | If you do want to file for your LLC, it's really easy

Click here to read more about how to do it.

Then, click here to fill out this paper work (make sure you aren't dissolving another business or combining two businesses. This is for people who are just starting on their own and want an LLC).

That's it.

3 | Mail that sucker in

Pat yourself on the back for being so responsible.

*PS Please note that this advice is only how I started my own business. If you're looking for a brick-and-mortar store or need a significant amount of investment to get your business started, you probably will have to take a more formal route, create a business plan, and have.

However, most of this advice outlines the exact steps I took when starting.

Sure, it was difficult at times and I made mistakes and had to pivot quickly. But that's the bonus of being a sole business owner: you can adjust quickly. Far more quickly than a partnership or a large company with lots of inventory.