Is Montana a good state to form an LLC for my online business?

Montana has $70 as filing fees and $20 annual fees for LLC. So, costs are lower compared to few of the other states like IL or MA

Is there any reason why you are opening LLC only in Montana?

Delaware and Nevada are more popular for online businesses. However, if you open LLC in these states, more than likely from a tax perspective you may be required to register again in your home state. Multi state taxation and nexus rules are complex/vary by state.

For this reason, we highly recommend that prior to starting your LLC you should consult a CPA or tax professional who can provide some information on annual fees & various types of tax that may apply to your business and industry.

** Based on our response to a question on quora

Posted In: Tax

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