Montana Business Startup Guides
Start a Business in Miles City, Montana
Are you starting a business in Miles City, Montana? This article discusses the most important things to consider when opening a business in Miles City.
Miles City, Montana Demographic Information
Miles City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Miles City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Miles City.
Businesses
As a new Miles City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Miles City for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Have You Considered Buying an Existing Miles City Business?
If you have some capital to play with, you may want to Buy a Business in Montana. Follow that link and you may find several good businesses for sale in Miles City.
If you are headed down the path of buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Miles City, Montana
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Montana, you don't necessarily have to incorporate in Montana. In fact, you are allowed to incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Miles City, Montana, our web page covering Incorporating in Montana may be a useful resource if you decide to incorporate in Montana.
Do You Need a Business Plan?
A business plan is essential in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Expert Advice on Business Plans. You should also take advantage of free business counselors available to you through your local SCORE chapter in Montana.
Raising Money for Your New Venture
Raising money to fund your new Miles City business is a difficult chore. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Getting a Small Business Loan.
For Miles City entrepreneurs on the hunt for startup funding, check out our List of Montana Angel Investors and our List of Montana Venture Capital Firms.
Marketing Your New Venture
To rise above the crowd in Miles City and build your business, having an excellent marketing plan is fundamental to your succeeding.
There are myriad resources on this site to help you with your marketing plan. Toll Free Numbers is an article that will generate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
What's Next?
As an entrepreneur in Miles City, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Miles City and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Miles City entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Miles City, Montana
Here are more links that we believe will help you be successful in starting a business in Miles City.
- Resources for Miles City, Montana Entrepreneurs - Browse a variety of resources we've collected to assist Miles City entrepreneurs.
- Montana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Montana.
- Montana Small Business Development Center - The Montana Small Business Development Centers focus on the creation, retention and expansion of Montana small businesses.
More Business Startup Guides for Montana
Starting a Business in Malta
Starting a Business in Missoula
Browse All Business Startup Guides for Montana
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs