Multi-level Marketing Firms



Multi-level marketing firms sell goods or services through independent agents. The compensation structure of these firms rewards participants primarily for the sales they generate and also for recruiting others to participate in the sales plan or operation by giving them a portion of the sales commission generated by the recruited individual.

Multi-level marketing firms who want to do business in Montana must file with our office. This filing requirement is for the company itself. Participants and people selling on behalf of the MLM do not have to file. The form for filling is MLD-1.

Mail completed forms to:
Montana State Auditor’s Office
Securities Department
840 Helena Avenue
Helena, MT 59601


Need more help?
  Check out the Securities Forms Page
  Call the Commissioner’s hotline at 800-332-6148