Last Updated: February 16, 2024, 1:32 pm by TRUiC Team


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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Ready to Start Your Rhode Island LLC?

Explore our LLC formation services review to find the best service for you.

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 a Rhode Island LLC is an easy task that you can complete yourself. Just follow the seven steps listed below.

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.

Seven 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 6: File Annual Report
Step 7: Keep Your Company Compliant 

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

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

Get Free Registered Agent Services

Form an LLC with Northwest Registered Agent to get one year of registered agent services free of charge.

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.

Step 6: File the Annual Report

Rhode Island requires LLCs to file an annual report. This form can be submitted online or by mail along with the $50 filing fee.

Reports are due between September 1 and November 1 each year. Filings made 60 days or more prior to this period will not be processed and fees will be refunded. Rhode Island charges a $25 penalty for late filings. In addition, Rhode Island can revoke an LLC's certificate of formation or certificate of authority for failure to file an annual report.

Step 7: Keep Your Company Compliant

Operating an LLC in Rhode Island requires adherence to federal, state, and local government regulations. This includes acquiring appropriate business licenses and permits, meeting tax obligations, and following appropriate hiring procedures. 

Here's a brief overview:

  • Obtain necessary business licenses and permits. These depend on your type of business and may include health permits, building permits, signage permits, etc. Fees vary based on the license or permit. Resources include our detailed Rhode Island Business License guide, the U.S. Small Business Administration (SBA) guide, Rhode Island's Official Website, and your local county clerk's office.
  • Stay current with your Rhode Island LLC tax responsibilities. This might involve registering for a seller's permit if you're selling a physical product and registering for Unemployment Insurance Tax and Employee Withholding Tax if you have employees. For more information, refer to our Rhode Island sales tax guide and the Rhode Island Division of Taxation website.
  • Report your income to the IRS each year using Form 1065 Partnership Return (for most multi-member LLCs) or Form 1040 Schedule C (for most single-member LLCs). Our LLC Tax Guide provides more detailed information on federal income taxes for LLCs.
  • If hiring employees, ensure you:
    • Confirm their eligibility to work in the US.
    • Report them as "new hires" to the state
    • Provide workers' compensation insurance
    • Withhold employee taxes
    • Display compliance posters in your workspace

You can find additional resources in our Hiring for Your Small Business Guide.

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Steps After LLC Formation

Read all the steps you’ll need to maintain your LLC’s personal liability protection, open a business bank account, get business insurance, and stay up to date with state reporting requirements.

Visit our After Forming an LLC guide to learn more.

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