The Montana Application for Crowdfunding Exemption is a legal document that allows a business or individual to raise funds for a project or venture through the sale of securities without having to register with the state of Montana. This exemption is typically used by startups and small businesses that may not have the financial resources to register with the state. There are two types of Montana Application for Crowdfunding Exemption: a Form C and a Form D. Form C is used for a limited offering, meaning that the company is only offering the security to a limited number of investors in the state of Montana. Form D is used for a full offering, meaning that the company is offering the security to all investors in the state of Montana. Both forms require the issuer to provide certain disclosures about the offering, such as the type of security being offered, the terms of the offering, the risks associated with the offering, and the issuer's financial condition. Both forms also require the issuer to file a notice with the state of Montana indicating that the offering is exempt from state registration.