How to Start a Business | Montana SOS & Business Entity Search

bozeman | Starting A Business | , , , , , ,

Are you finally ready to start your own business? If so, it’s important to make sure you take the right steps.

Starting a company isn’t easy, but if you learn what you need to know about business entities and establishing the legal structure of your business, you can avoid making expensive mistakes. Two of the most important aspects of starting a business is choosing the right business structure and ensuring that the name of your business isn’t already taken.

Choose The Right Entity

As you probably know, starting a business isn’t simply putting up a website and selling your products or services. There are legal steps you have to take to make sure that your company is registered with your state and county.

This means you have to choose the right type of business structure so you can register your company the right way. Each type has its advantages and disadvantages.

1. Limited Liability Company (LLC)

An LLC is an entity that is filed at the state level through the Montana Secretary of State. An LLC allows you to identify your business as a legal entity that is separate from you, the owner. This separation provides you with personal liability protection — mean that you would not be personally responsible for any debts or liabilities incurred by the organization.

Simply put, if someone were to file a lawsuit against your company, they would not be able to come after your assets. They would only be able to file claims against assets owned by the business.

LLC’s are typically taxed as a “pass-through entity,” which means that any taxes will pass through the LLC and go directly to the owner’s tax return.

2. Corporation

Corporations are similar to LLC’s in that they provide personal liability protection for its owners. However, it is different in the formalities with which they must comply.

Unlike an LLC, a corporation is usually required to hold annual meetings, where the owners would document the proceedings by keeping minutes. Any major changes to the business structure must be properly documented.

Additionally, corporations can be taxed differently that LLC’s. There are two different types of corporations: the s-corporation and the c-corporation. You will want to understand the difference between the two before filing your business.

 

3. Sole Proprietorship/General Partnership

A sole proprietorship (if there is one owner) or general partnership (if there is more than one owner) is business filing that is done at the county level. Per Roth Fioretti – Chicago Business Attorney, it is the simplest type of business filing, and it allows a person to do business under a different name.

These types of businesses are created by filing a DBA (doing business as) with your local county office. It’s typically less expensive to file your business as a DBA, but one key difference between this type filing and state-filed entities is that it does not provide personal liability protection. You would be personally responsible for any debts or liabilities that your company amasses.

 

Montana Secretary of State Business Entity Search

Before filing your business, it’s best to ensure that you are not using a name that is too similar to another business. If the name you have chosen is too close to another company’s, you run the risk of having your filing rejected or even worse — being sued by another business.

If you’re filing a business in Montana, you need to run a search of the Secretary of State’s database to make sure that you are not infringing on someone else’s intellectual property. It’s a pretty easy process. Just visit the Secretary of State’s entity name search and type in the name you are considering using.

Starting a business can be an exciting process, but it is also a challenge. Make sure that you are getting your company started off on the right foot so you can steer clear of any issues.

9 Things You Should Throw Away When Moving to a New House

bozeman | Things to Dispose before moving | , ,

When you move to a new house, you should consider getting rid of some stuff to make room for new belongings. Plus, you get to live clutter-free, which can help you save time and money during the moving process.

What to Throw Away When Moving

1. Clothing

Although there’s no need to throw out clothing if you have good shopping habits, if you’re a shopaholic, you should browse your wardrobe and see what you can part with. Also, if you’ve lost weight recently, you can use this as an excuse to toss out some old clothes that no longer fit. However, we don’t suggest tossing out clothes, instead, donate to those in need.

2. Old Electronics

Since technology is always changing, you’re bound to have old gadgets and electronics scattered around your home. Using your move as motivation to go throughout your home and recycle old electronics that don’t work anymore, or you simply no longer need. However, as an alternative to recycling, you can always donate to someone in need or sell it to a friend.

3. Old Sheets

Towels and sheets can be heavy to move, so it’s best to donate them while moving to a new place. Plus, there’s nothing more fun than shopping for new towels and sheets once you’ve moved into your new home. Alternatively, Cheap Movers Houston (www.cheapmovershouston.net) recommends using old sheets to protect your furniture during the move. Drape sheets over couches and wooden pieces to prevent wear and tear during transport. You can secure the sheets by wrapping a layer of moving plastic wrap around the whole piece.

4. Old Documents

Every few weeks, you should browse your stash of documents to see which you can toss and which you should hold onto. Remember always to keep documents that may be needed for tax purposes in the new year. However, if you are noticing your “keep” pile getting taller and taller, we suggest buying a scanner and make a digital copy you can keep on your computer. With your old documents, you should make sure you properly dispose of them aka shredding them. The last thing you want is someone getting a hold of sensitive information, such as health records, birth certificates, social security numbers, etc.

5. Food

Although you shouldn’t necessarily toss out all your food, we suggest giving all your perishables a toss. If you’re planning on moving soon, you should stock up on canned goods for the meantime, since they won’t go bad for years.

6. Beauty Products

Just like food, makeup, perfume, and other beauty products can go bad. Go through your beauty products and toss out any expired, old, or unused items.

7. Meaningless Memorabilia

Over time, people collect a lot of items that, at the time, are very meaningful. When you are moving, you should review these items and determine whether or not you still want to keep them. Some things that were once meaningful may not be anymore. These memorabilia includes things like birthday cards, old school projects, souvenirs, freebies and giveaways, gifts, etc.

8. Children’s Toys

Toys take up a lot of space. Any toys that your children have outgrown or never used should be donated to a charitable organization or friend. Don’t forget about larger items like athletic equipment, bikes, and kiddie pools, too.

9. Old Magazines

If you have any magazine subscriptions, you also likely have a few piles of old magazines lying around your home. Recycle any magazines that you have already read and all the out-of-date ones. You can also donate more recent magazines to libraries, doctors offices, nursing homes, children’s centers, or hair salons.

Mover Resources | Nationwide Movers on What to Know Before Moving Cross Country

bozeman | Moving Cross Country | , , ,

Moving across the country can be a fun experience, but it can also be a difficult thing to do. If you are thinking about moving across the country, then there are several things that you need to know. Preparing for your move will make it a lot easier.

1. You Will Need to Get Moving Quotes

It is a good idea to hire a long distance moving company if you will be moving across the country. This will make your move more expensive, but it will take a lot of stress out of your move. Professional movers can pack up your belongings, load them on the truck and unload them when you get to your new place.

Furthermore, it is safer for you to hire a professional. If you attempt to lift heavy items yourself, then you may get injured. Professionals know how to lift items safely, and they possess the equipment necessary for lifting heavy items.

There are a lot of moving companies that you can choose from. To stay within your budget, you will need to compare quotes. However, the price is not the only thing that you should consider when choosing a moving company. You will need to read reviews and make sure that the company you choose is licensed and insured, like Apple Moving.

2. You Will Need to Get Rid of Your Unwanted Items

You do not want to take unnecessary items from you across the country. That is why it is a good idea to declutter before you move. There are several things that you can do with things that you do not need or want anymore. You can sell them on Craigslist or eBay. You can also donate your belongings to a charity.

3. You Will Need To Clean The Boxes

Before you start putting things in your box, you will need to wipe it down first. This can be a tedious process, but it will make things easier for you once you get to your new place. Everything will be nice and neat when you move to your new place.

4. Label Everything

You will need to put everything from the same room in the same box. You will also need to label the box. You will have an easier time unpacking when you get to your new place.

5. You Will Need to Research the Cost of Living Expenses

While you are packing up, you will need to do some research on the area that you will be moving in. The cost of living can vary greatly depending on the area that you live in. Find out about the cost of rent, groceries, healthcare, and gas. If the cost of living is more or less, then you will need to adjust your budget accordingly.