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There are three common types of businesses?sole proprietorship, partnership, and corporation?and each comes with its own set of advantages and disadvantages.

Under Montana legislation, this must be done in the following way: Both the Principal and the Agent must sign. A notary public must oversee the signing and sign too. If you are signing a Power of Attorney, you will need to have your signatured acknowledged by a notary public.

Here's a rundown of what you need to know about each one. Sole Proprietorship. In a sole proprietorship, you're the sole owner of the business. ... Partnership. A partnership is a non-incorporated business created between two or more people. ... Corporation. A corporation is a legal entity separate from its shareholders.

Steps to Create a Will in Montana Decide what property to include in your will. Decide who will inherit your property. Choose an executor to handle your estate. Choose a guardian for your children. Choose someone to manage children's property. Make your will. Sign your will in front of witnesses. Store your will safely.

1. Sole Proprietorship. A type of business entity that is owned and run by one individual ? there is no legal distinction between the owner and the business. Sole Proprietorships are the most common form of legal structure for small businesses.

A will should be signed by the maker, dated, and witnessed by two disinterested persons age 18 and over. Disinterested means the witnesses cannot be named as beneficiaries in your written will. Who can write my will? While you can write your own will it is advisable that you seek legal counsel.