How Much Does It Cost to Start an LLC in Rhode Island?
The cost to start an LLC (limited liability company) online in Rhode Island is $150. This fee is paid to the Rhode Island Department of State when filing the LLC’s Articles of Organization.
We recommend Northwest ($29 + State Fees) to help form your LLC.
How Much Does an LLC Cost in Rhode Island?
Rhode Island LLC Online Filing Fee: $150
The main cost to start an LLC in Rhode Island is the $150 fee to file your LLC's Articles of Organization online with the Rhode Island Department of State.
For a look at LLC cost in every state, read our other Cost to Start an LLC and How to Form an LLC guides.
Cost to Form a Foreign LLC in Rhode Island
If you already have an LLC that is registered in another state and you’d like to expand your business into Rhode Island, you’ll need to register your LLC as a foreign LLC in Rhode Island.
The cost for registering a Rhode Island foreign LLC is $150. You can register a foreign LLC in Rhode Island by filing an Application for Registration for a Foreign Limited Liability Company (Form 450).
Optional LLC Formation Costs
There are optional fees associated with LLC formation:
LLC Name Reservation
Reserve your name for up to 120 days prior to LLC formation by filing an LLC Name Reservation (Form 620) and paying the $50 filing fee.
Fictitious Business Name
File a Fictitious Business Name Statement (Form 624B) and pay the $50 filing fee to create a name other than your legal LLC business name.
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Rhode Island LLC Ongoing Fees
Operating a limited liability company (LLC) in Rhode Island comes with ongoing costs that should be considered when managing your LLC's finances.
Here are the primary ongoing fees for a Rhode Island LLC:
- Annual Report: Rhode Island LLCs are required to file an Annual Report. The filing fee for the annual report is $50.
- Resident Agent Fee: Rhode Island LLCs are required to have a registered agent, also known in the state as a resident agent. There is no required ongoing fee associated with the resident agent role unless you choose to hire a professional service to fulfill the role.
How to Register a Rhode Island LLC Yourself
Forming an LLC in Rhode Island is easy. Simply follow the steps outlined on this page.
Recommended: Using an LLC formation service like Northwest ($29 + State Fees) saves time and ensures compliance. Besides the low cost, we like their streamlined approach and excellent customer service.
Rhode Island LLC Cost FAQ
To establish an LLC in Rhode Island, you need to file the Articles of Organization with the Department of State. This can be done online, by mail, or in person, and the cost is $150.
Yes, in Rhode Island an LLC can operate under a fictitious name or trade name. This allows for greater flexibility in marketing and branding the business. However, remember to register this name with the state to ensure it's unique and not used by another entity.
LLCs in Rhode Island are required to file an annual report with the Department of State, which comes with a fee of $50. This helps the state maintain updated records on your LLC's activities and contact information.
Using an LLC formation service in Rhode Island can save businesses time and effort, especially for those unfamiliar with the LLC setup process. Such services handle paperwork, ensure all state-specific requirements are met, offer guidance on naming conventions (like fictitious or trade names), and help with ongoing compliance tasks. Some may also provide Resident Agent services, adding another layer of convenience for the LLC owners.
To confirm if your chosen LLC name is available in Rhode Island, you can use the state's Corporate Database for a search. This will let you know if your preferred name is already in use by another business entity in the state.
In Rhode Island, a Certificate of Good Standing is a document issued by the Department of State verifying that an LLC is legally registered to do business in the state and is in compliance with all state requirements. This document may be required when seeking financing, entering contracts, or registering to do business in another state.
Article Sources
Rhode Island Division of Taxation:
https://tax.ri.gov
IRS - Employer ID Numbers:
https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers
Rhode Island Department of State:
https://www.sos.ri.gov/
SBA - Apply for licenses and permits:
https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits\
Chamber of Commerce - Rhode Island Chamber of Commerce List:
http://www.officialusa.com/stateguides/chambers/rhodeisland.html