Starting a Rhode Island LLC
A Rhode Island Limited Liability Company (LLC) is a legal structure used to protect your personal assets (home, car, bank account) in the event your business is sued.
A Rhode Island LLC can be used to operate a business, or it can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
Then file your Rhode Island Articles of Organization with the Rhode Island Secretary of State and wait for your LLC to be approved.
You can file your LLC by mail, online, or walk-in filing. The RI LLC filing fee is $150 in all 3 cases.
If you file by mail, your Rhode Island LLC will be approved in 2-3 business days. If you file online, your Rhode Island LLC will be approved in 1-2 business days. If you do the walk-in filing, your Rhode Island LLC will be approved in a few hours (or less).
Note: Filing times may take longer due to the current global situation and government delays. Please see how long does it take to get an LLC in Rhode Island.
After your Rhode Island LLC is approved, complete your Rhode Island LLC Operating Agreement and get your Rhode Island EIN Number (aka Federal Tax ID Number) from the IRS. We provide a free operating agreement template and your EIN from the IRS is also free. Next, you should check whether your company needs a Rhode Island Business License or other permits to operate.
In order to keep your Rhode Island LLC in compliance with the RI Secretary of State, you need to file an Rhode Island LLC Annual Report each year. The state fee is $50. And each year, your small business must file any applicable Rhode Island LLC Taxes. We recommend hiring an accountant for help.