Company Formation in Hungary for US Entrepreneurs
Company formation in Hungary offers access to the EU market, low taxes, and residency options. Learn about the steps, costs, and compliance rules.
Big skies, zero sales tax, and some of the most business-friendly laws in the West—Montana might not be the first state you think of for expansion, but it's one of the smartest. If your company is growing and ready to do business in Montana, you’ll need to register as a foreign LLC. A foreign limited liability company, or foreign business entity, refers to any business that was originally formed in a different jurisdiction and now wants to operate in Montana.
Montana requires that any foreign business transacting business in the state, such as hiring employees, opening a storefront, or contracting independent contractors, must complete a foreign qualification process through the Montana Secretary of State.
In this guide, we’ll walk you through the exact steps to register your foreign LLC in Montana, how to stay compliant after registration, and why this process matters for your growing business. We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.
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Montana considers a business to be “transacting” in the state if it has a physical presence, such as an office or warehouse, hires employees, or regularly contracts with clients in the state. Even leasing property or maintaining a business address can require a foreign qualification.
However, certain activities don’t trigger registration, like holding board meetings, completing isolated transactions within 30 days, or working solely through independent contractors. Understanding this distinction helps you decide if your foreign business entity needs to register with the state.
Your business name must comply with Montana’s naming rules for a limited liability company. It should include “LLC,” “L.L.C.,” or “Limited Liability Company.” If your business name is already taken or too similar to an existing Montana LLC, you may need to file under a designated name or DBA (doing business as)1.
Montana requires a registered agent with a physical street address within the state. This agent receives legal notices and official business documents on behalf of your LLC. You can appoint an individual or a professional registered agent service. Either way, the registered agent's name and address must be included in your application.
To register your foreign business, you must submit a Certificate of Authority through the Montana Secretary of State’s online portal2. Paper filings are not accepted.
Be prepared to submit:
You’ll also be prompted to upload business documents and go through a payment page at the end.
Montana charges a $70 filing fee for foreign qualification3. You can also pay extra for expedited processing—$20 for a 24-hour turnaround or $100 for a 1-hour service.
Once you have established your business with an LLC, you’ll need a business account to manage your US finances. A Wise Business account is easy to open online and comes with no monthly fees. You can convert funds from your home currency to USD with low, transparent fees.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to countries.
Some key features of Wise Business include: |
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Below is a breakdown of what you can expect when forming a Montana foreign limited liability company.
Once you form a foreign LLC in Montana, you’ll need to maintain good standing by keeping up with a few key compliance obligations. First, you must submit an annual report to the Montana Secretary of State4 by April 15 each year.
The filing fee is $20 if submitted on time, but it increases to $35 if filed late. Failing to meet this deadline can result in the administrative dissolution of your foreign qualification, which may affect your ability to legally operate in the state.
In addition to filing annual reports, you’re required to update your business registration promptly if there are any changes to your business name, registered agent, physical street address, or internal structure, such as changes in LLC managers.
Montana law expects these updates to be filed as amendments to ensure accurate public records.
It’s also critical to maintain a valid registered agent at all times. Your registered agent must have a physical street address in Montana and be available during standard business hours to receive official documents on behalf of your business.
If your agent resigns or changes, you’re responsible for filing the appropriate update with the Secretary of State to avoid falling out of compliance.
Montana presents a strong opportunity for growing businesses, thanks to its cost-effective environment, lack of sales tax, and straightforward compliance structure. To benefit from these advantages, your foreign limited liability company must be properly registered with the Montana Secretary of State.
By completing the foreign qualification process, your business entity gains the legal right to enforce contracts in Montana courts, operate under your business name within the state, and stay compliant with local regulations such as business licenses and tax obligations. Foreign LLC registration also helps you avoid penalties, back taxes, and administrative delays that can arise from operating without authorization.
Without a foreign qualification, your foreign business entity may face serious limitations, including being barred from initiating legal actions, opening business bank accounts, or securing contracts in Montana. Registering ensures your limited liability company is protected, visible, and legally recognized as a business in Montana.
Not exactly. Registering a foreign LLC in Montana does not mean you are creating a new limited liability company in the state. Instead, it means your existing LLC—formed in another state or country—is being authorized to do business in Montana. This process, known as foreign qualification, allows nonresident business owners to legally operate in the state without forming a separate Montana LLC.
Montana is a strategic location for many out-of-state businesses, but it requires you to file the right documents, appoint a registered agent, and stay on top of your annual report filings. The process is straightforward, but skipping any steps could leave your business vulnerable.
Montana’s online filing system and business-friendly policies make compliance manageable, provided you know what to file, where to submit it, and how to keep your business in good standing.
No. You are not creating a new Montana LLC—you are qualifying your existing limited liability company to do business in Montana. It’s still governed by the laws of its home state.
You’ll need a Certificate of Good Standing from your home state, your Certificate of Authority, a registered agent’s name and address, and payment for the filing fee.
Yes, but only if you have a physical street address in Montana and are available during business hours.
Any corporation, limited partnership, professional LLC, or other business entity planning to open an office, hire staff, or transact in Montana will likely need to file.
Yes. You'll typically need an EIN5 (also called a federal tax ID) for tax filings, hiring employees, and opening a business bank account.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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