What is Montana Corporation Foreign Qualification
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You want to do business in Montana but are registered as a Domestic Corporation in another state.
In order to legally conduct business in the state of Montana you must register with the Montana Secretary of State as
a Foreign Corporation.
The process of registering as a Foreign Corporation in Montana is called Montana Corporation Foreign Qualification.
The process of Montana Corporation Foreign Qualification is similar to the process of forming a Domestic Corporation in Montana.
Your original formation documents (usually called Articles of Incorporation) and Corporate Bylaws apply to your Montana Foreign Corporation.
The Board of Directors and Officers of your Domestic Corporation have the same roles in the Montana Foreign Corporation.
Specific requirements to qualify as a Foreign Corporation in Montana are explained below.
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Once you have made the decision to Qualify as a Foreign Corporation in Montana,
a Montana lawyer can file your documents and act as a middle man for a few hundred dollars an hour;
or you can use an online service provider like PCF to perform these services.
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Put the money you save with PCF right where it belongs - into your new
Montana Foreign Corporation
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What do I have to do to Qualify as a Foreign Corporation in Montana
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1. Prove that you are registered in a state other than Montana as a Domestic Corporation
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- PCF can get your Certificate of Existence as quickly as possible from any state
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In order to register as a Foreign Corporation in the state of Montana, you must first prove that you are registered in another state as a
Domestic Corporation.
You usually prove this with a Certificate of Good Standing, sometimes referred to as a Certificate of Existence or a Certificate of Fact, from the
state in which you are registered as a Domestic Corporation.
Cost of a Good Standing Certificate for your Domestic Corporation varies from state to state.
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2. Choose a name for your Montana Foreign Corporation
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- PCF will check to make sure that your Montana Foreign Corporation name is available, conforms to state of Montana
Corporation naming regulations, and will reserve the Foreign Corporation name with the Montana Secretary of State.
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Your Montana Foreign Corporation name can identify the type of products and services your business will provide;
or it may be the name of the founder; or it can be a combination of the two or something else.
In any case, the Montana Foreign Corporation name that you choose must be distinguishable from the name of any other registered Montana Corporation or other
business entity and the name must also be different from any reserved names on record with the state of Montana.
Your Montana Foreign Corporation name must not imply that it was formed for a purpose other than that stated in the
Articles of Incorporation for your Domestic Corporation
and your Montana Foreign Corporation name must not be a name that is likely to mislead the public.
The name of a Montana Foreign Corporation must include the word "Corporation" or
"Incorporated" or an abbreviation of one of these words.
It's important to choose a good name for your Montana Foreign Corporation because if you want to change it after you qualify you
will have to file amended documents with the Montana Secretary of State (and pay a fee).
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3. Select an official address and a Registered Agent for your Montana Foreign Corporation
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- PCF can act as the official Registered Agent for your Montana Foreign Corporation.
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Every Montana Foreign Corporation must have an address that is physically located in the state of Montana.
This address is "registered" with the Montana Secretary of State.
The Registered Address is where official and legal correspondence can be delivered.
The individual or company that is registered with the state of Montana to receive all correspondence on behalf of the Montana
Foreign Corporation is called a "Registered Agent".
You may act as your own Registered Agent, however, many Montana Foreign Corporations hire a Registered Agent because they don't have a physical
address within the state of Montana or to provide a distinct level of privacy.
PCF provides Registered Agent services in Montana as well as any other state.
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4. File Registration Documents with the Montana Secretary of State
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PCF can compile Registration Documents that are specific to your Montana business and file them with
the Montana Secretary of State.
Should the need arise, PCF can also draft and file amendments to your Registration Documents.
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In order to Qualify as a Foreign Corporation in Montana you must file Registration Documents with the Montana Secretary of State.
The Registration Documents must include certain specific information about your Montana business.
If the Registration Documents do not conform exactly to state of Montana requirements they will be rejected.
You may subsequently amend the Registration Documents for your Montana Foreign Corporation but you will have to pay a fee to
the state of Montana in order to make the changes official.
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What do I have to do after I form my Montana Foreign Corporation
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1. Obtain Business Licenses from the cities and counties in which you plan to do business
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The business licenses or permits that are required for your Montana Foreign Corporation vary depending on your specific business
activities and the Montana locations in which you want to conduct business.
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2. File the required reports for your Montana Foreign Corporation
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| The Annual Report includes basic information about your Montana Foreign Corporation including information on your Board of Directors and Officers.
Failure to submit a properly completed Montana Annual Report to the Montana Secretary of State on or before the
due date may subject the Montana Foreign Corporation to being administratively dissolved in the state of Montana or having its authority to
transact business in the state of Montana revoked by the Montana Secretary of State.
Penalties may accrue if you fail to file any Montana Corporation Annual Report to the Montana Secretary of State by the due date.
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3. Keep proper records of your Montana Foreign Corporation on file
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Keep the following records on file and available at the principal business office of your Montana Foreign Corporation:
- Names and addresses of all Directors and Officers of the Montana Foreign Corporation
- Articles of Incorporation and any Amendments to them
- Corporate Bylaws and any Amendments to them
- List of current shareholders of the Foreign Montana Corporation.
If shareholders change, keep a record of old shareholders and how stock was transferred.
- Minutes of all Meetings of Shareholders and Directors
- Copies of any Corporate Resolutions which have been adopted by the Montana Foreign Corporation
- Copies of all tax returns and Annual Reports for the Montana Foreign Corporation for the last 3 years
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4. Pay your taxes to the state of Montana
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Foreign Corporations that either do business in the state of Montana or that derive income from sources within the state of Montana are subject to Montana
tax laws.
If you are engaged in intrastate business and derive income from other states besides Montana, you must allocate the amount of income derived
from the state of Montana in order to determine your Montana state taxes.
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