In Rhode Island, the cost of forming an LLC (limited liability corporation) online is $150. When the LLC’s Articles of Organization are filed, this charge is paid to the Rhode Island Department of State.
How Much Does an LLC in Rhode Island Cost?
Fee for filing an LLC in Rhode Island online: $150
The major expense of forming an LLC is the $150 filing fee with the Rhode Island Department of State for the Articles of Organization.
Fee for Rhode Island Annual Report: $50
LLCs in Rhode Island are required to submit an annual report with the Department of State.
This form may be submitted using the Rhode Island Business Services Online Filing System. It is expected between September 1 and November 1 of this year. Failure to file on time in Rhode Island carries a $50 penalty.
Fee for Resident Agent
You may be your own resident agent (also known as a registered agent) in Rhode Island, but employing a resident agent service keeps your firm in compliance, reminds you of critical filing dates, and helps you avoid late fines.
The Cost of Creating a Foreign LLC in Rhode Island
If you currently have an LLC established in another state and want to expand into Rhode Island, you must register your LLC as a foreign LLC in Rhode Island.
A foreign LLC in Rhode Island costs $150 to register. In Rhode Island, you may establish a foreign LLC by submitting an Application for Registration of a Foreign Limited Liability Company (Form 450).
Permits and Licenses for Businesses
Depending on your industry and geographic location, your company may need federal, state, and municipal permits/licenses to operate lawfully in Rhode Island. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
LLC Name Reservation: File an LLC Name Reservation (Form 620) and pay the $50 filing fee to reserve your name for up to 120 days prior to LLC formation.
DBA (Doing Business As) Name:
To establish a name other than your official LLC company name, file a Fictitious Business Name Statement (Form 624B) and pay the $50 filing fee.
Certified Document Copies: Order certified copies of your Rhode Island business paperwork from the Department of State for $10 + $0.15 per page.
Certificate of Good Standing: A Rhode Island certificate of good standing may be obtained by contacting the Department of State and paying the $22 online cost or the $20 mail or in-person charge. Banks and lending institutions often demand a certificate of good standing.