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How do I dissolve a business in Montana? Get approval from members, shareholders, or partners. Organize all business documents and go through the winding up process. File your dissolution documents with the Montana Secretary of State.
A business name reservation consists of a filing with the Secretary of State's office to reserve a business name until you are ready to incorporate your business or form a Limited Liability Company.
Filing your name reservation prevents another entity from using that name to conduct business in the state during the time of your hold. An entity name reservation in the state of Montana lasts 120 days, during which you have exclusive rights to that name.
A business name reservation means that your name is saved for your exclusive use for a defined period. Some states' name reservations are good for 120 days, but some reservations may be as short as 30 days. Many, but not all states allow renewals.
The Articles of Organization is a legal document that officially establishes your LLC as a separate legal entity from yourself as an owner. It contains key information about your business, such as the LLC's name, principal address, registered agent, and the names and addresses of the members or managers.
Filing the name reservation application is an online process at .mca.gov.in. For company name reservation the application is filed in Part A of the Spice Plus form and for LLP the application is filed in RUN Form.
What does it mean to reserve a name? By reserving a name with the secretary of state before forming your business in your home state or registering your business in a foreign state, you temporarily prevent others from using it for their entities.
Businesses that are incorporated in another state will typically apply for a Montana certificate of authority. Doing so registers the business as a foreign entity and eliminates the need to incorporate a new entity. Operating without a certificate of authority may result in penalties or fines.