Guiding Montana Businesses to Success

Whether it’s a new business you’re starting or looking to expand or purchase an existing one, the following information with help you get started.

Start-up Business

• Research your idea (market research)
• Write a business plan
• Determine your start-up & on-going monthly expenses (rent, leasehold improvements, equipment, inventory, etc.)
• Register your business name (Secretary of State’s Office)
• Prepare all necessary forms, permits, and licenses
• Choose a legal structure (consult with a CPA or Attorney)
• Check financing options
• Prepare 2 years of cash flow projections
• Personal Financial Statement
• File all employer requirements
• Check local requirements (zoning requirements, building permits, etc.)

Expanding or Buying an Existing Business

Documentation required for expanding/buying a business:

• Historical, year-end financial statements (P&L, Balance Sheet) for the business for the past three years
• Three years of tax returns
• Estimation of the cost associated with the expansion of the business
• Historical business plan, if one exists