Once you have formed your Rhode Island LLC, you must stay on top of your state’s filing deadlines in order to stay in good standing and avoid unnecessary fines or penalties.
This article answers the following questions for a Rhode Island LLC:
What Is an Annual Report?
In Rhode Island, an annual report is a regular filing that your LLC must complete every year to update your business information, including:
- NAICS code
- Character of business
- Company address(es)
- Names and addresses of LLC managers
The purpose of this report is to keep your business records up to date with the State of Rhode Island. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.
How Do I File an Annual Report?
You can file your Rhode Island LLC annual report with the Department of State. You will need your state entity ID number, which can be found using the corporate database. Online filers must have a Customer Identification Number and PIN in order to file.
OPTION 1: File Online With the Rhode Island Department of State
- OR -
OPTION 2: File Form 632 by Mail or in Person
Business Services Division
148 W. River Street, Ste. 1
Providence, RI 02904
Due Date: Rhode Island LLC annual reports are due between September 1 and November 1 every year.
Late Filings: Any annual report received after December 1 will result in a $25 late fee. Further failure to file an annual report could result in the dissolution of your Rhode Island LLC.
Should I Use a Registered Agent Service?
A registered agent, known in Rhode Island as a resident agent, is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The Department of State can dissolve a Rhode Island LLC if it does not file an annual report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a Rhode Island resident agent by reading our guide.