Discover Why Montana Is The Top State For New Businesses

Montana Ranked Number One State For Starting Your Own Business

If you're looking to start your own business, Montana is the place to be.

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Financial Channel published some results of a survey done by Akounto.com. Akounto decided to rate every state in America using these factors:

• Corporate tax rate
• Business filing fees
• Private sector establishment closure rate
• Monthly commercial energy bills
• Average household income
• Number of workers aged 16-64

Montana Scored The Highest

There were 75 points possible and Montana scored a 63.47.  Montana has an average commercial energy bill of 382.07 a month, the 4th lowest in America.  That means new business owners can save nearly $3,000 their first year.  The LLC filing fee is 93 percent below the national average at just $35 and the yearly LLC fee is just $20. Some states the LLC fee can be $800 a year.

One of the biggest selling points is our low unemployment rate.  In Montana, over 75% of people 16-64 have jobs. Even though we see people complain about it all the time, the employment rate is an indications of a healthy recruitment pool.

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How Can I Start A Business In Montana?

I found some checklists on line that make it a lot easier. MyCorporation.com has a pretty nice checklist from start to finish to get you on the right track. It starts with defining a business concept to getting your business bank account.

Montana specifically has one page with every website you need to know to get your small Montana business off the ground.  I was pleasantly surprised to see all of this valuable information in one place.