Governor Greg Gianforte today announced Montana was ranked as the best state for business startups.

“As an entrepreneur, I know firsthand the joys and challenges of starting and growing a business,” Gov. Gianforte said. “With my experience, I am working every day as governor to make government more efficient and responsive to Montanans looking to invest in their dreams and in the Treasure State.”

According to data reported by Entrepreneur Media, Montana was ranked number one with the highest score for the total number of startups in the state, the number of startups per 100,000 people, and the 10-year survival rate of startups.

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The Montana tax advantage refers to a legal strategy that allows individuals to avoid paying hefty sales taxes and high registration fees on vehicles by registering them through a Montana LLC.