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Rhode Island Business Registration

Rhode Island Corporation Formation

Rhode Island LLC Formation

Rhode Island, officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest U.S. state by area but also the second most densely populated.

The state has land borders with Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. Providence is the state capital and most populous city in Rhode Island. Rhode Island has a total area of 1,214 square miles. (3,144 km2).

According to The Bureau of Economic Analysis, the GDP of Rhode Island estimates for 2019 was $55.05 billion. Rhode Island's per capita personal income in 2019 was $56,542.

Rhode Island's traditional manufacturing economy has diversified and is now also based on services, trade, and finance. In spite of this, many of the products for which Rhode Island is famous are still being manufactured. These include jewelry, silverware, textiles, primary and fabricated metals, machinery, electrical equipment, and rubber and plastic items. Tourism and gambling are also important.

Benefits of starting a business in Rhode Island, USA

Benefits of starting a business in Rhode Island, USA

  • Professional Growth & Development
  • A state focus on small business
  • Support for innovators
  • High quality at a lower cost
  • Friendly business environment

Rhode Island Company Formation

  Limited Liability Company (LLC) Corporation (C- Corp and S-Corp)
Corporate Tax Rate

The corporate income tax rate in Rhode Island is currently 7%, a decrease from 9% in years past.

Company Name

The LLCs’ name must contain the words “Limited Liability Company,” “LLC” or “L.L.C.”

The proposed name must be unique and available in Rhode Island.

The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof.

The proposed name must be unique and available in Rhode Island.

Board of Directors

Minimum of one manager & member required for an LLC.

Rhode Island has no age and residency requirements for managers/members.

The members’ names and addresses are not required to be listed in the Articles of Organization while the managers’ information is required.

Minimum of one director & shareholder required for a corporation.

Rhode Island has no age and residency requirements for directors/shareholders.

The directors & shareholders’ names and addresses are not required to be listed in the Articles of Incorporation.

Other requirement

Annual Report:

LLCs in Rhode Island are required to file an Annual Report. The due time is between September 1st and November 1st every year.

Registered agent:

Registered agents in Rhode Island are tasked with the duty of receiving and accepting all service of process and official notifications on a business’ behalf.

EIN:

An Employer Identification Number (EIN) is a unique nine-digit identification code issued by the Internal Revenue Service (IRS) to a business. It is used for filing tax returns, opening a bank account, and hiring employees.

Annual Report:

Corporations in Rhode Island are required to file an Annual Report. The due time is by March 1 annually.

Stock:

In the Articles of Incorporation, corporations must list the authorized shares. 

Registered agent:

Rhode Island registered agents accept service of process and official mail on behalf of a Rhode Island business and forward those legal documents to that corporation.

EIN:

The EIN is needed to open a US business bank account, file tax returns, apply for business licenses, etc. You may apply for an EIN directly with the IRS.

How to start a business in Rhode Island, USA

How to start a business in Rhode Island, USA - Preparation

1. Preparation

Select basic Resident/Founder nationality information and other additional services that you want (if any).

How to start a business in Rhode Island, USA - Filling

2. Filling

Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).

How to start a business in Rhode Island, USA - Payment

3. Payment

Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).

How to start a business in Rhode Island, USA - Delivery

4. Delivery

You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Rhode Island is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.

Cost of incorporating in Rhode Island, USA

From

US$ 599 Cost of incorporating in Rhode Island, USA
  • Done within 2 working days
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Limited Liability Company (LLC) From US$ 599
Corporation (C- Corp and S-Corp) From US$ 599

Recommended services

Set Up Company in Rhode Island (USA) with the main characteristics

Limited Liability Company (LLC)

General Information
Type of Business Entity Limited Liability Company (LLC)
Corporate Income Tax Yes - 7%
British Based Legal System No
Double Tax Treaty Access No
Incorporation Time Frame (Approx., days) 2 - 3 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted Yes
Standard Authorized Capital/Shares N/A
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings No
Local Directors / Shareholders No
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 599.00
Government fee & Service charged US$ 500.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 499.00
Government fee & Service charged US$ 500.00

Corporation (C-Corp or S-Corp)

General Information
Type of Business Entity Corporation (C-Corp or S-Corp)
Corporate Income Tax Yes - 7%
British Based Legal System No
Double Tax Treaty Access No
Incorporation Time Frame (Approx., days) 2 - 3 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted Yes
Standard Authorized Capital/Shares N/A
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings No
Local Directors / Shareholders No
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 599.00
Government fee & Service charged US$ 500.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 499.00
Government fee & Service charged US$ 500.00

Scope of Services

Limited Liability Company (LLC)

1. Company Formation Service Fee

Services and Documents Provided Status
Agent Fee Yes
Name Check Yes
Preparation of Articles Yes
Same-day Electronic Filing Yes
Certificate of Formation Yes
Digital Copy of Documents Yes
Digital Corporate Seal Yes
Lifetime Customer Support Yes
One Complete Year (12 Full Months) of Rhode Island Registered Agent Service Yes

2. Government Fee

Certificate of Incorporation Status
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. Yes
Submission of application to the Registrar of Companies Yes

To incorporate a Rhode Island company, the client is required to pay the Government Fee, US$ 500, including

  • Government Filing cost: US$ 100
  • Registered Agent Fee for 1 year: US$ 400

Corporation (C-Corp or S-Corp)

1. Company Formation Service Fee

Services and Documents Provided Status
Agent Fee Yes
Name Check Yes
Preparation of Articles Yes
Same-day Electronic Filing Yes
Certificate of Formation Yes
Digital Copy of Documents Yes
Digital Corporate Seal Yes
Lifetime Customer Support Yes
One Complete Year (12 Full Months) of Rhode Island Registered Agent Service Yes

2. Government Fee

Certificate of Incorporation Status
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. Yes
Submission of application to the Registrar of Companies Yes

To incorporate a Rhode Island company, the client is required to pay the Government Fee, US$ 500, including

  • Government Filing cost: US$ 100
  • Registered Agent Fee for 1 year: US$ 400

Download forms - Set Up Company in Rhode Island (USA)

1. Application Formation Form

Description QR Code Download
Application for Limited Company
PDF | 1.41 MB | Updated time: 06 May, 2024, 16:50 (UTC+08:00)

Application form for Limited Company processing

Application for Limited Company Download
Application Formation Form LLP LLC
PDF | 2.00 MB | Updated time: 06 May, 2024, 16:57 (UTC+08:00)

Application Formation Form LLP LLC

Application Formation Form LLP LLC Download

2. Business Plan Form

Description QR Code Download
Business Plan Form
PDF | 654.81 kB | Updated time: 06 May, 2024, 16:59 (UTC+08:00)

Business Plan Form for Company Incorporation

Business Plan Form Download

3. Rate card

Description QR Code Download
Rhode Island (C-Corp or S-Corp) Rate card
PDF | 619.97 kB | Updated time: 31 Dec, 2020, 11:15 (UTC+08:00)

Basic Features and Standard price for Rhode Island (C-Corp or S-Corp)

Rhode Island (C-Corp or S-Corp) Rate card Download
Rhode Island LLC Rate card
PDF | 620.14 kB | Updated time: 31 Dec, 2020, 11:15 (UTC+08:00)

Basic Features and Standard price for Rhode Island LLC

Rhode Island LLC Rate card Download

4. Company Profile

Description QR Code Download
Company Profile
PDF | 3.31 MB | Updated time: 30 Sep, 2024, 12:46 (UTC+08:00)

Discover our company profile to gain a deeper understanding of who we are

Company Profile Download

5. Sample Documents

Description QR Code Download

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View more detailed information on Incorporation requirements

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Set Up Company in Rhode Island (USA) Publications

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