A certificate of good standing from Rhode Island validates that a limited liability company (LLC) or corporation was founded lawfully and has been properly maintained.
In our Certificate of Good Standing Rhode Island tutorial, we will go over the qualifications for good standing as well as how to get one in Rhode Island.
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How Do I Obtain a Rhode Island Certificate of Good Standing?
You may get your Rhode Island certificate of good standing from the Department of State.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your Rhode Island business is in compliance.
To be eligible for a Rhode Island certificate of good standing, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Rhode Island, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The State of Rhode Island website has further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Rhode Island state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Reports on a Year
Every LLC and company in Rhode Island is required to submit an annual report. This report confirms the company’s fundamental facts, such as its primary office location and registered agent.
Each year, LLC annual reports are due to the Department of State by November 1. Every year, corporations must submit annual reports with the Department of State by March 1. This may be done online or in the mail. The application cost is $50.
Step 2: Request a Rhode Island Certificate of Good Standing.
Once your company is in good standing with the state, you may apply for a certificate of good standing from the Rhode Island Department of State. This may be done through email, mail, phone, or in person.
Is a Certificate of Good Standing required in Rhode Island?
While you don’t always need a certificate of good standing to manage a company in Rhode Island, there are a few times when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Setting up a business checking account
Getting a business license in another state
