Multi-level Marketing Companies—Professionals



Overview

The office of the Montana State Auditor, Commissioner of Securities and Insurance (CSI) is tasked with the regulation of multi-level marketing companies (MLMs).

  • A MLM is one that sells, distributes, or supplies goods or services through agents, contractors, or distributors at different levels of distribution.
  • MLMs also include companies that compensate participants, in part, based on purchases, sales, or the recruitment of other participants in the MLM.
  • Compliance with Montana state law does not signify that the state endorses a multi-level marketing company.
  • Companies that are a member of the Direct Selling Association (DSA) are not required to “notice file” with the CSI.

The office of the Montana State Auditor, Commissioner of Securities and Insurance (CSI) is responsible for the administration and enforcement of the Securities Act of Montana (the Act), specifically Mont. Code Ann. § 30-10-101, et. seq. The Act requires multi-level marketing companies to notice file with the CSI or be a member of the Direct Selling Association (DSA) prior to obtaining a participant that is a resident of this state.

Please refer to Mont. Code Ann §§ 30-10-324 thru 30-10-327 for the laws pertaining to multi-level marketing companies.

Compliance with Montana state law does not signify that the state endorses a multi-level marketing company.

If you have questions about notice filing requirements for your multi-level marketing company, please feel free to contact us at (800) 332-6148 or (406) 444-2040.

MLM Uniform Notice Filing and Compliance

In Montana, it is unlawful for a person to transact business in this state as a multi-level marketing company unless the MLM has filed with the Montana CSI or is a member of the Direct Selling Association (DSA). For information on Notice Filing requirements and the Uniform Notice Filing form, click HERE.

Please fill, print, and mail your MLD-1 Form 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