Rhode Island at a glance. The state fee is $150: 38 other jurisdictions charge less to form an LLC and 10 charge more. Keeping it active costs about $450 a year in state costs: the annual report is $50 / yr.
What it costs to form an LLC in Rhode Island
The state fee to form an LLC in Rhode Island is $150. That is $25 more than Florida's $125.
This is the amount charged by the state itself. It does not include a registered agent, a service company's fee, local business licenses or income taxes.
Rhode Island annual report and yearly costs
The report costs $50 every year.
- Other state costs: A minimum annual tax of $400, owed whether or not the LLC makes a profit.
Counting the annual report and any flat yearly tax, the state-only cost after the first filing is about $450 per year.
Corporation in Rhode Island
The state fee to form a corporation in Rhode Island is $230.
This is a flat fee in Rhode Island. Coral Filings files every corporation with up to 500 authorized shares.
- Annual report: The report costs $50 every year.
- Other state taxes and costs: Minimum annual corporate tax of $400 to the Division of Taxation, owed whether or not the business operates.
Coral Filings can form your Rhode Island corporation, as a C-Corporation or with an S-Corporation election planned (you file IRS Form 2553 yourself, and individuals who are not US residents cannot own S-Corporation stock). Start your Rhode Island corporation. Read what a C-Corp is and what an S-Corp is.
How to form an LLC in Rhode Island, step by step
- Choose a name that follows Rhode Island's rules and check that it is available in the state's business search.
- Appoint a registered agent with a physical street address in Rhode Island. Coral Filings can act as yours.
- File the formation document with the state's filing office and pay the fee. Use the official portal linked below.
- Request an EIN from the IRS.
- Put the annual report deadline on your calendar so the LLC stays in good standing.
Let Coral Filings handle it
You can usually form an LLC in the state where you do business. Coral Filings can form your Rhode Island LLC for you and act as your registered agent in Rhode Island (or you can name your own). The state fee is charged at cost. Start your Rhode Island LLC. We are not a law firm and do not give legal or tax advice.
Frequently asked questions
How much does it cost to form an LLC in Rhode Island?
The state fee is $150. Registered agent, local licenses and service company fees are extra.
Does Rhode Island require an annual report for an LLC?
The report costs $50 every year.
How much does it cost to form a corporation in Rhode Island?
The state fee is $230, a flat fee.
Can I form an LLC in Rhode Island if I live in another country?
In most states you can, as long as you have a registered agent with a physical address in the state. Coral Filings can act as your registered agent in the states it sells.
This page is general information, not legal or tax advice. For your specific situation, talk to a licensed attorney or CPA.