The Montana “Changes in Business Entity Ownership” form is used by businesses with alcohol beverage licenses to report changes in ownership interests. Specifically, the form is for when an ownership interest is transferred to an existing owner who holds 15% or more ownership in the license. The form needs to be submitted at any time during the year but must be reported to the Montana Department of Revenue during the next license renewal period. This form ensures that any changes in the ownership structure of a business holding an alcohol beverage license are legally documented and compliant with state regulations.
How to File the Montana Changes in Business Entity Ownership Form
Filing this form involves providing detailed information about the business entity’s ownership before and after the transfer, as well as a declaration of truth from the licensee or their authorized representative. The form is submitted either via email or by mail to the appropriate department.
How to Complete Montana Changes in Business Entity Ownership Form
Section 1 – General Information
Licensee Name
Enter the full name of the licensee, which refers to the business entity that holds the alcohol beverage license.
License Number
Provide the license number assigned to your alcohol beverage license.
Business Name
Enter the name of the business that holds the license.
Contact Name
Provide the name of the contact person for the business entity.
Phone
Enter the phone number where the contact person can be reached.
Email
Provide the email address for communication regarding this form.
Section 2 – Ownership
Date of Ownership Change
Enter the exact date on which the ownership interest transfer occurred.
Ownership Prior to Transfer
In this section, list the names and ownership percentages of individuals who are coming off the license. This must total 100%. Attach additional sheets if necessary to include all owners.
Ownership After Transfer
List the names and ownership percentages of the individuals remaining on the license after the transfer. This must also total 100%. Attach additional sheets if necessary to include all owners.
Section 3 – Declaration and Affidavit
Declaration Under Penalty of False Swearing
The licensee or their authorized representative must declare that the information provided is true, correct, and complete. This declaration is made under penalty of false swearing, meaning that any false statements could result in legal consequences.
Signature
The licensee or authorized representative must sign and date the form.
Printed Name and Title
Enter the printed name and title of the person who signed the form.
Submitting the Form
Once completed, the form should be emailed to the Department of Revenue at DORAlcoholicBeverageControl@mt.gov or mailed to:
Mailing Address
Department of Revenue
Cannabis & Alcohol Regulation Division (CARD)
PO Box 1712
Helena, MT 59624-1712
For any questions, contact the department at (406) 444-6900 or Montana Relay at 711 for the hearing impaired.