How to Start a Business in Rhode Island (Step by Step Guide)

Starting Business in Rhode IslandAre you thinking about starting your own business in Rhode Island? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in Rhode Island. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities that can be registered:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Rhode Island.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in Rhode Island

Agency ResponsibleRhode Island Secretary of State
Form(s) to be filledArticles of Organization (Form 100)
ModeIn-person, by mail or online
Name ReservationOptional, Fee $50 for profit entities & $25 for Non-profit (Online)
Filing Fee$150
TimeBy mail/online: 1 week, In-person: Same day
LawRhode Island Code – § 7-16-5


Summary:

  1. Search for business name availability on Rhode Island SOS website
  2. File for Business name reservation (Optional)
  3. Select a Registered Agent
  4. Fill Articles of Organization (Form 400)
  5. Prepare an Operating Agreement
  6. Get an EIN Number (IRS Form SS-4)
  7. Obtain relevant license and permits
  8. Obtain rhode island tax ID number
  9. (Ongoing) File Annual report

How to Start a Corporation in Rhode Island

Agency ResponsibleRhode Island Secretary of State
Form(s) to be filledArticles of Incorporation (Form 100)
ModeIn-person, by mail or online
Name ReservationOptional, Fee $50 for profit entities & $25 for Non-profit (Online)
Filing Fee$230
TimeBy mail/online: 1 week, In-person: Same day
LawRhode Island Code – § 7-1.2-202

Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation (Optional)
  3. Select Registered Agent
  4. Fill Articles of Incorporation (Form 100)
  5. Create Bylaws
  6. Get an EIN Number
  7. Obtain relevant license and permits
  8. Obtain rhode island tax ID number
  9. (Ongoing) File Annual report



References:
https://law.justia.com/codes/rhode-island/2005/title7/7-16-66.html
https://law.justia.com/codes/rhode-island/2005/title7/7-1.2.html

Last fact-checked on 25/07/2018

Rhode Island Business Name Reservation

Filing for name reservation in Rhode Island will protect the business name from being registered by someone else. In cases where someone is thinking to officially form the business at any point later but is sure about the name for business than in such cases filing for name reservation makes sense. The business name can be […]

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Rhode Island Business Entity & Corporation Search

When it comes to the state of Rhode Island, the Division Of Business Service of the Secretary of State is responsible for business filing and record keeping. It maintains records for the following types of business structures: Domestic Limited Liability Companies Foreign Limited Liability Companies Domestic Corporations Foreign Corporations Domestic Nonprofit Corporations Foreign Nonprofit Corporations […]

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