Filing a Rhode Island LLC
Although you can choose from a few different business structures, many find that the LLC is the least-complicated, which can be especially advantageous for first-time business owners. Additionally, Rhode Island LLCs provide significant protection against corporate liabilities, helping to protect their owners and members.
Steps To Filing a Rhode Island LLC
Choose A Name
The first step in forming a Rhode Island LLC is choosing a name. The state of Rhode Island requires that businesses reference their corporate structure in their name. Since you’re filing as an LLC, you’ll want to include something like “Limited Liability Company” or “L.L.C.” in the name. Additionally, the state does not permit two businesses to have the same name. To ensure that this does not happen, be sure to check the DoMyLLC Name Availability Check Page.
Choose A Registered Agent
After choosing a name, you’ll need to select a registered agent to serve on your Rhode Island LLC’s behalf. Registered agents are responsible for accepting legal correspondence for the company and passing it along to the owners. If you choose a registered agent who you cannot trust, you’ll likely miss critical information. For that reason, consider selecting a professional company who specializes in registered agent services, such as DoMyLLC.
File Articles Of Organization & Pay Filing Fees
At this point, it’s now time to begin filing the paperwork necessary to create a Rhode Island LLC. You’ll need to register the Articles of Organization with the Secretary of State’s Division of Business Services. When doing so, you’ll need to include a $150 filing fee. This form will provide the state with vital information, such as:
- The name of the company
- The name and address of the registered agent
- The company’s preference on how they will be taxed
- Address of the principal office
- Effective date
- Management structure
- Whether the company will be managed by members or managers. If managers, provide the name and addresses of these individuals
- Effective date
- Signature of an authorized person
File Initial Report
The state of Rhode Island does not have an Initial Report for LLC owners, although they must be aware of the first Annual Report deadline.
Create An Operating Agreement And Hold Meetings
Rhode Island LLC owners will also find it in their best interest to draft an operating agreement. This document clarifies the structure of the organization. Once in place, members can begin holding meetings.
Obtain Employer Identification Number
Employer Identification Numbers are provided by the Internal Revenue Service. You’ll need to secure one if you wish to open a business banking account or pay taxes.
File State Required Annual Reports
Rhode Island LLCs are required to submit an Annual Report to the Secretary of State’s office every year. This report is due between September 1 and November 1. There is a $50 fee to file the paperwork, as well as a $25 late fee if you are delayed by 30 days. You can find more on the Rhode Island Annual Report page.
In addition to the annual report, there are other maintenance requirements such as filing taxes and renewing business licenses and permits.
How DoMyLLC Can Assist With Streamlining The Process
If you’re looking to form a Rhode Island LLC, DoMyLLC is here to help every step of the way. We offer services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
We have the experience necessary to help you from and operate your Rhode Island LLC. Be sure to contact us today to learn more.