How to Create a Series LLC in Montana

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series or cells within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among different series, providing liability protection for each series from the debts and obligations of the others.

Does Montana Allow Series LLCs?

As of the current date, Montana does not authorize the formation of Series LLCs under its state laws. The Montana Limited Liability Company Act does not include provisions for Series LLCs, and therefore, businesses seeking to form a Series LLC must consider other jurisdictions that permit such structures.

Montana Series LLC Filing Fees and Costs

Since Series LLCs are not permitted in Montana, there are no specific filing fees or costs associated with their formation in the state.

Montana Franchise Tax and Series LLCs

Montana does not impose a franchise tax on LLCs, including Series LLCs, as they are not recognized under state law.

Additional Resources

This article provides general information about Montana LLC formation requirements under the Montana Limited Liability Company Act. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.