Capital Formation

Raising capital to start or grow your business is an important step toward the success of your company.

When you raise money from friends, family members, or other individuals to finance an enterprise, you may be “offering or selling a security”, an action governed by Montana Securities law. These laws require certain disclosure to investors and may require filing with the Montana Securities Department at the Office of the Montana State Auditor.

Since securities laws can be complicated, you should consult with a knowledgeable securities professional, an attorney, or the staff of the Securities Department when planning a securities offering in Montana. Our staff is available to assist small businesses with questions and also conduct presentations. It does not represent legal or financial advice.

Call our office at (406) 444-2040 if any of the following apply.

  • You are asking friends and family to invest in your business ideas.
  • You have been asked to invest in someone else’s business idea.
  • You want to sell stock in your company. (This includes stock issuances in partnerships, LLCs, and corporations).
  • You need to raise additional funds to “grow your business.”
  • You are looking beyond traditional loan options.


Need more help?
  Call the Commissioner’s hotline at 800-332-6148