How To Start A Business In Montana
Entrepreneurship in Montana
Montana natives have discovered a few life saving inventions, including the first heart monitor. Invented in 1949 by Helena native Norman Holter, it revolutionized the health landscape. It's no wonder so many great entrepreneurs have come from Montana.
With people like Tim Sheehy (founder of Bridger Aerospace), and Neal Leather (one of the founders of Big Sky Brewing) to look up to, the people of Montana love to lead entrepreneurial teams that change the world.
Home to the bustling city of Bozeman and Yellowstone National Park, the big sky state is a great place to start your small business.
Registering Your Business
Registering your business is one of the first steps to success.
And with Montana’s 70 dollar fee for starting an LLC, it's important you get it right.
Decide what kind of model is right for you (LLP, LLC, Corporation, Sole Proprietorship). Most small businesses start with an LLC. If you’d like an LLC, S-Corp, or C-Corp done for you, we’d be happy to do that on your behalf.
Before you start your business, look around to understand the market in Montana.
With an abundance of rich natural resources, Montana has a ton of business potential.
According to TaxFoundation.org, Montana ranks an awesome 3rd in the sales tax rank.
Another good way to understand Montana’s market is to visit your local Chambers of Commerce.
You can use your local chamber of commerce to identify opportunities and threats in your local community. It’s a great way to get started on the bottom 2 quadrants of your SWOT analysis.
We’d recommend looking through it and identifying competitors in your industry, and identify the points of parity you need to live up to, and how to better leverage your points of differentiation.
Montana is full of hard working people that can be amazing assets to your company.
Unemployment rate in Montana:
Information from Montana.gov
Average annual salary in Montana:
27.20 dollars an hour
Information from Zip Recruiter
Education levels for residents of 25 and older:
High school degree or higher:
Bachelor degree or higher:
Information from World Population Review
Price index yearly growth: 23.22%
Medium house price: 230,600 dollars
National average house price: 269,039 dollars
Montana is a unique place to start a business. We hope that the resources and points we brought up here will help you start a business there.
If you’d like to dive deeper into how to start a business, check out our much longer article How To Start A Business. Use both of them to get started on the right foot from day one.
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