Montana Limited Liability Company Definition
The Montana Limited Liability Company form of business structure 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, annual meetings are not required, but Articles of Organization and annual reports must be filed with the Secretary of State’s Office. This is also a pass-through taxation for partnerships. Professional limited liability companies have the same requirements as professional corporations
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