How to Form an LLC in Rhode Island
Everything you need to form a Limited Liability Company in Rhode Island (RI). Filing fee: $150 | Processing time: 5-7 business days
Filing Fee
$150
Annual Report
$50 annually
Processing Time
5-7 business days
Online Filing
Yes
State Income Tax
3.75% to 5.99% individual income tax; 7% corporate income tax
Steps to Form an LLC in Rhode Island
1
Check LLC name availability with the Rhode Island Secretary of State
2
Designate a registered agent in Rhode Island
3
File Articles of Organization with the Rhode Island Secretary of State
4
Pay the $150 filing fee
5
Obtain an EIN from the IRS
6
Draft an Operating Agreement
7
File the annual report each year with the $50 fee
Pros of Forming in Rhode Island
- ✓Small state with streamlined regulatory processes
- ✓Proximity to Boston and New York markets
- ✓Growing innovation and design economy
Cons of Forming in Rhode Island
- ✗Higher filing fee of $150
- ✗High corporate income tax rate of 7%
- ✗Small local market
Best For
Design, marine, and innovation businesses that benefit from proximity to major Northeast markets.
Calculate Your Rhode Island LLC Costs
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