Cost to Form an LLC in Rhode Island

The cost to start a Rhode Island limited liability company (LLC) is $150. This fee is paid to the Rhode Island Department of State when filing the LLC’s Articles of Organization.

Use our free Form an LLC in Rhode Island guide to do it yourself.

Or simply use a professional service:

four point six out of five ZenBusiness ($39 + State Fees)

Three out of Five Stars LegalZoom ($149 + State Fees)


How Much Does an LLC Cost in Rhode Island?

Rhode Island LLC Online Filing Fee: $150

The main cost of forming an LLC is the $150 fee to file your LLC's Articles of Organization online with the Rhode Island Department of State.

Rhode Island Annual Report Fee: $50

Rhode Island requires LLCs to file an annual report with the Department of State.

You can submit this form through the Rhode Island Business Services Online Filing System. It is due between September 1 and November 1. Rhode Island charges a $50 penalty for failure to file on time.

Resident Agent Fee

In Rhode Island you can be your own resident agent (also known as a registered agent), but using a resident agent service helps keep your company in compliance and reminds you of important filing deadlines and avoid late fees.

Resident agent fees start at $39 for the first year. We recommend using:

OR:

Read our guide to learn more about Rhode Island Resident Agents. You can also read our full guide on the best registered agent services.

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).

Business Permits and Licenses

Depending on your industry and geographical location, your business might need federal, state, and local permits/licenses to legally operate in Rhode Island. This is true whether you form an LLC or any other type of business structure.

Learn more about state and local licensing with our guide to getting a Rhode Island business license.

Other LLC Filing 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.

“Doing Business As” (DBA) 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.

Certified Document Copies:
Obtain certified copies of your Rhode Island business documents by ordering through the Department of State and paying $10 plus $0.15 for each page.

Certificate of Good Standing:
You can obtain a Rhode Island certificate of good standing by ordering through the Department of State and paying the $22 online fee or $20 mail or in-person fee. A certificate of good standing is often required by banks and lending institutions.

How to Register a Rhode Island LLC Yourself

Forming an LLC yourself is easy; just follow the five steps below.

Recommended: If you already have a business that is running as a sole proprietorship, visit our How to Change from a Sole Proprietorship to LLC page.

Five Basic Steps to Start an LLC in Rhode Island

Step 1: Name Your Rhode Island LLC
Step 2: Choose a Resident Agent
Step 3: File the Articles of Organization
Step 4: Create an Operating Agreement
Step 5: Get an EIN

Step 1: Name Your Rhode Island LLC

When you name your Rhode Island LLC, you’ll need to choose a name that:

  1. Is available for use in the state of Rhode Island
  2. Meets Rhode Island naming requirements
  3. Is available as a web domain

Recommended: Visit our Start an LLC in Rhode Island guide for detailed naming rules and instructions for registering a business name in Rhode Island.

Not sure what to name your business? Check out our How to Name a Business guide and free LLC Name Generator.

We recommend that you check online to see if your business name is available as a web domain. Even if you don't plan to create a business website today, you may want to buy the URL in order to prevent others from acquiring it.

Find a Domain Now

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Step 2: Choose a Resident Agent

All LLCs in Rhode Island must appoint a resident agent. A resident agent primarily acts as your LLC’s main point of contact with the state. But most importantly, they are responsible for accepting service of process in the event your business is sued.

Your Rhode Island resident agent must:

  • Be at least 18 years or older
  • Have a physical address in Rhode Island
  • Be available during normal business hours to accept service of process
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Recommended: Get a free year of registered agent services when you hire ZenBusiness to form your LLC. $39 (plus state fees).

ZenBusiness

Step 3: File the Articles of Organization

The Rhode Island Form 400 - Articles of Organization is a document that is filed with the Rhode Island Department of State to form an LLC. The fee for filing the Articles of Organization is $150 online.

For detailed instructions for completing the Articles of Organization, visit our How to File the Rhode Island Articles of Organization guide.

File the Rhode Island Articles of Organization

OPTION 1: File Online With the Rhode Island Business Services Online Filing System

File Online

- OR -

OPTION 2: File Form 400 by Mail

Form 400


State Filing Cost: $150, payable to the Department of State

Mailing Address:
Division of Business Services
148 W. River Street
Providence, RI 02904

Step 4: Create an Operating Agreement

An operating agreement isn't required for Rhode Island LLCs, but it's a good practice to have one.

What is an operating agreement? An operating agreement is a legal document outlining the ownership and operating procedures of an LLC.

Why are operating agreements important? A comprehensive operating agreement ensures that all business owners are on the same page and reduces the risk of future conflict.

For more information on operating agreements, read our Rhode Island LLC operating agreement guide.

Step 5: Get an EIN

What is an EIN? An EIN or Employer Identification Number is a nine-digit number issued by the Internal Revenue System (IRS) to identify a business for tax reporting purposes. An EIN is essentially a Social Security number (SSN) for your company.

Why do I need an EIN? An EIN number is required for the following:

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Free EIN: You can get an EIN from the IRS website (free of charge) after forming your business.

Rhode Island LLC Cost FAQ

Do you have to pay for a Rhode Island LLC every year?

Yes, Rhode Island LLCs have to pay a $50 annual report fee every year. Visit our Rhode Island LLC annual report guide for more information.

Is an LLC really necessary?

An LLC provides limited liability protection. This means an LLC protects your personal assets in the event of a business loss, such as a lawsuit or unpaid debt.

We recommend any small business that carries even the smallest amount of risk or liability to form an LLC. Learn more in our Should I Start an LLC guide.

What is the cheapest way to get an LLC?

You can save money on getting an LLC by completing the formation process yourself, making your own operating agreement, being your own Agent for Service of Process, and getting your own EIN.

Check out our How to Save Money Forming Your LLC guide to learn more.

Can I pay myself a salary from my LLC?

You can pay yourself a salary from your LLC, but it would be called a draw or distribution if your LLC is taxed in the default way by the IRS.

Visit our How to Pay Yourself from an LLC guide to learn more.

Is an S corp better than an LLC?

An S corporation (S corp) is an IRS tax status, not a type of business entity. An LLC can be taxed in the default way or as an S corp. For some businesses, being taxed as an S corp can make lots of sense.

Check out our LLC vs. S corp guide to find out if S corp status is right for your business.

What’s better: sole proprietorship or LLC?

A sole proprietorship is only good for businesses that carry very low risk of liability because sole proprietorships don’t offer any liability protection.

Learn more in our sole proprietorship vs. LLC guide.

More Rhode Island Small Business Resources

Article Sources

Rhode Island Division of Taxation:
http://www.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-and-permits


Chamber of Commerce - Rhode Island Chamber of Commerce List:

http://www.officialusa.com/stateguides/chambers/rhodeisland.html