Who We Are
We know that when women succeed communities thrive. That's why RMWBC programming is designed to serve women in every corner of Montana as they work to start or grow their businesses and make an impact on their communities.​​
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We're here to connect women in Montana with the training, resources, and community they need to bring their big ideas to life.​​​​
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What We Do



1-on-1 business coaching
​We offer business coaching - Whether it's aiding a client in scaling a team from 6 to 60, boosting revenue, supporting the realization of your business idea from inception to fruition, or something else entirely, we're here to assist at every stage of your entrepreneurial journey.
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This service is FREE!
creating community
​We offer networking opportunities both digital and in-person; offering a place for women to connect with each other around the State of Montana. Our community also allows for access to free resources and to stay update on all the happenings at Rocky Mountain WBC.
learning events & courses
Elevate your business journey through the Rocky Mountain Women's Business Center's digital and in-person learning events and courses. Our dynamic offerings include expert-led trainings covering diverse aspects of business, personalized coaching for tailored guidance, and specialized courses addressing unique challenges.


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2. Apply for your Employer Identification NumberAn Employer Identification Number, or EIN, is a business identification number issued by the Internal Revenue Service. After doing research and seeking professional advice on the type of business entity that works best for you, your next step is to apply for your EIN with the Internal Revenue Service. Follow this link to learn more and start your application. EIN Registration
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5. Check in to any County Requirements and ResourcesCheck into your specific county. Whether they have certain requirements or not. Check out your county's page to see the resources the counties have to offer small business owners.
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6. Create an Operating AgreementAn Operating Agreement is created by a company for internal governance. Although it is not required for a single-member LLC in Montana to have an Operating Agreement, it can provide extra security by formally recognizing the company as a separate entity from the members of the company. It should outline the ownership rights and responsibilities, set provisions for financial disbursements, and establish a schedule and protocol for membership meetings. According to the Small Business Administration, the purpose of the Operating Agreement is to govern internal operations of the business in a way that suits the specific needs of the business owners. Once the document is signed by the members of the limited liability company, it acts as an official contract binding them to its terms. For more information on Operating Agreements, visit SBA.gov
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4. Check to see if you need a City Business LicenseThese are typically only required if you're operating within city limits, but you should be sure to check with your city to see if you will need one. City of Missoula - Business Licensing City of Kalispell - Business Licensing City of Great Falls - Business Licensing City of Butte - Business Licensing City of Helena - Business Licensing City of Billings - Business Licensing City of Bozeman - Business Licensing
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1. Decide on what business entity fits your businessWhat is a business entity? This refers to the legal organization or structure of your company. It determines how the business is organized, taxed, and the level of personal liability the owners have. Here are some simplified explanations of common business entities: Sole Proprietorship: In this type of structure, the business and the owner are considered to be the same entity. The owner has full control but is personally responsible for all business debts and liabilities. Self-employment taxes are calculated and filed with the owner's personal tax return. Partnership: In a partnership model, two or more people run the business and share the profits, responsibilities, and liabilities. Partners can have different levels of control and different percentages of ownership in the company. Although partners may see themselves as having equal ownership, one partner will have to assume at least a 51% interest and be the final decision maker in the company. These and other details about roles, duties, and obligations of each partner should be outlined in the Partnership Agreement. Limited Liability Company (LLC): This is a hybrid business structure that combines features of a partnership and a corporation. Owners are called members, and they have limited personal liability, meaning their personal assets are generally protected from business debts. LLCs are a popular business formation because of the flexibility it allows in how a company can structure ownership and how taxes are calculated and filed. Corporation: A corporation is a distinct and separate legal entity. The company is run by a Board of Directors. Owners are considered shareholders, and they have limited liability from the company. Corporations have more complex legal and tax filing requirements than a Sole Proprietor or LLC. S Corporation: This is a tax designation that can be applied to an eligible corporation or LLC. It allows the business to avoid double taxation by passing profits and losses through to the shareholders' personal tax returns. However, there are certain restrictions on ownership and the number of shareholders. When choosing a business entity, factors such as personal liability, taxation, management structure, and flexibility should be considered. It's advisable to consult with an attorney or a tax professional to understand the specific legal and financial implications of each entity type and make an informed decision. Here are some resources that can help you learn more about selecting the right entity type for you. SBA.gov - Guide to Business Structures IRS.gov - Info on Business Structures sosmt.gov - Montana Secretary of State - Info on Business Models
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7. Get Business InsuranceAs a small business owner, getting business insurance is a good idea for several reasons: Liability protection: Business insurance provides liability coverage, which protects you in the event that your business is sued for property damage, bodily injury, or advertising injury caused to others. Without insurance, you could be personally liable for any damages or legal expenses, which can be financially devastating. Property protection: Business insurance can cover your business property, including buildings, equipment, inventory, and supplies, against risks such as fire, theft, vandalism, or natural disasters. This coverage helps you recover financially if your property is damaged, destroyed, or stolen. Business interruption coverage: In the event of a covered loss, such as a fire or a natural disaster, business interruption coverage can compensate you for the income lost during the time your business is unable to operate. It can help cover ongoing expenses like rent, employee salaries, and utilities, ensuring your business can recover and resume operations as quickly as possible. Employee protection: If you have employees, you may need workers' compensation insurance, which provides coverage for medical expenses and lost wages if an employee is injured or becomes ill on the job. This coverage not only protects your employees but also safeguards your business from potential lawsuits related to workplace injuries. Peace of mind: Running a business involves inherent risks, and having insurance gives you peace of mind knowing that you are financially protected against unforeseen events. It allows you to focus on growing your business without constantly worrying about the potential financial repercussions of accidents, lawsuits, or property damage. Contract requirements: Some clients or vendors may require you to have business insurance before they enter into a contract with you. Having appropriate insurance coverage can help you meet these contractual obligations and potentially open up more business opportunities. While business insurance comes with a cost, the financial protection it provides far outweighs the expense. It is always advisable to consult with insurance professionals who can assess your specific business needs and recommend the appropriate types and levels of coverage for your situation. To learn more about different types of business insurance an owner should consider, go to SBA.gov Get Business Insurance
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3. Register Your Business EntityTo set up an LLC or other business entity type, you will need to register your business with the Montana Secretary of State. Follow this link to learn more and to get going on the registration process. Secretary of State - Register a New Business
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Venture Capital FundingInvestors can give you funding to start your business in the form of venture capital investments. Venture capital is normally offered in exchange for an ownership share and active role in the company. This differs from traditional financing in several important ways. Venture capital typically focuses on high-growth companies and invests capital in return for equity, rather than debt (it’s not a loan). Venture capitalists take higher risks in exchange for potential higher returns and have a longer investment horizon than traditional financing. Almost all venture capitalists will, at a minimum, want a seat on the board of directors, so be prepared to give up some portion of both control and ownership of your company in exchange for funding. There’s no guaranteed way to get venture capital, but the process generally follows a standard order of basic steps.
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SBA Loans and ProgramsIf you have trouble getting a traditional business loan, you should look into SBA-guaranteed loans. When a bank thinks your business is too risky to lend money to, the U.S. Small Business Administration (SBA) can agree to guarantee your loan. That way, the bank has less risk and is more willing to give your business a loan. Use Lender Match to find lenders who offer SBA-guaranteed loans. To learn more about financing your business go to SBA.gov Funding Your Business
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Small Business LoanMontana Validated Credentials works with partners to provide verification and A business loan is considered debt financing, as opposed to equity financing. This means that the business owner retains control of their business at the cost of interest they pay on the loan. When applying for a business loan, you should be ready to present some information to the lender. Traditionally, a lender would prefer to see a business plan and financial projections for the next five years. The most important thing a business owner can do to prepare to talk to a lender is to make sure they know and can defend their financial projections and the assumptions behind them.
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CrowdfundingCrowdfunding raises funds for a business from many people, called crowdfunders. Crowdfunders aren’t technically investors, because they don’t receive a share of ownership in the business and don’t expect a financial return on their money. Crowdfunding is low risk for business owners, and it's a way to retain full control of your company. Every crowdfunding platform is different, so make sure to read the fine print and understand your full financial and legal obligations.
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BootstrappingBootstrapping lets you leverage your own financial resources to support your business. Self-funding can come in the form of turning to family and friends for capital, using your savings accounts, or even tapping into your 401(k). With self-funding, you retain complete control over the business, but you also take on all the risk yourself.
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Past PresentersRiley Bates Connie Bauman Anastasia Beerman Briana and Matt Berg Kris Boyd Andrew Connor Bailey Durnell Tika Elliot Erin Eliz Erin Geifer Miranda Gilbert Rosemary Howell Julie Jaksha Shawna Kelsey Micah Larsen Jennifer O'Brien Megan Patterson Kyle Pucko Ryann Reeves Katie Sadowski Nicole Sahara Rebekah Skoog Morgan Sprague Tonya Weninger
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U.S Small Business AdministrationFunded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.
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Partners
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Montana Chamber of CommerceMontana Chamber of Commerce
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Montana Department of Public Health & Human ServicesMontana Department of Public Health & Human Services
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Montana Government WebsiteMontana Government
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Montana Department of RevenueDepartment of Revenue Resources Montana Department of Revenue Website Montana State Licensing
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Montana Secretary of State's OfficeSecurity of State's Business Services Security of State's Website
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County CodesMT County Codes
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Big HornAMT Employer Partnerships works with employers to provide market-responsive customized training solutions. We work with businesses, non-profits, government agencies to enhance your workforce and close the skill gap. Example Trainings include: • Project Management for Team Collaboration • Conflict Resolutions and Management • Story-Telling with Data • Leadership and Change Management • Computer Assisted Design Connect with us to learn more about how we can tailor or locate the trainings that move the needle within your organization MIke Braun Michael.Braun@umontana.edu
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Montana County MapMontana County Map
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Montana Association of CountiesMontana Association of Counties
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BroadwaterAMT Learning Solutions & Technologies strives to operationalize and enable workforce training and skills visibility through platform sharing, project management, and deployment of training programs & partnerships. Our work includes: AMT Program Operations Learning design and applied skills assessments Flipped classroom model deployment Cost-share opportunities with Learning Technologies: Learning Management System Badging Platform Course Registration Platform We work closely with Montana Validated Credentials, Employer Partnerships, and Workforce Partnerships to deliver Workforce Solutions for Montana communities, businesses, non-profits, & government agencies. Rebekah Skoog rebekah.skoog@mso.umt.edu
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BlaineMontana Validated Credentials works with partners to provide verification and visibility of skills and competencies gained from a wide variety of learning experiences. ​ Verifiable and portable digital records Badge Taxonomies and Visual Representation of Skills Pilot programs for employers Meta-data consultation Skills-based hiring and upskilling ​ Visit our webpage or reach out to learn more about earning, issuing, and offering digital badges. Elizabeth Dove Elizabeth.dove@mso.umt.edu
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BeaverheadBeaverhead County Website Beaverhead Public Health Department Chamber of Commerce Website Towns in Beaverhead County: Dell Dillon Glen Jackson Lakeview Lima Monida Wisdom Wise River