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    • EIN & Tax ID Number
    • Foreign Qualification
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    • Annual Report
    • Stay Compliant

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  • Start your business
    • Start an LLC
    • Form a Business
    • File an S-Corp Election
    • Hire a Registered Agent
    Filings & compliance
    • Articles of Organization
    • Certificate of Formation
    • Operating Agreement
    • EIN & Tax ID Number
    • Foreign Qualification
    • Change Registered Agent
    • Annual Report
    • Stay Compliant

    Not sure where to start?

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    Form your LLC in California →
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LLC Register

Start a Free LLC in Rhode Island

LLC Register forms your free Rhode Island LLC, serves as your Rhode Island registered agent and keeps your LLC in good standing. Rhode Island charges $150 to file the Articles of Organization with the Rhode Island Department of State.

Start Rhode Island LLCSee the full cost
LLC Register

Rhode Island LLC

Rhode Island LLC Formation
Free
Rhode Island LLC Name Search
Free
Rhode Island Registered Agent
$99 per year
Annual Compliance
Free
Rhode Island State Filing Fee
$150
On this page
  • Transparent LLC Pricing
  • 10-Step LLC Guide
  • Rhode Island LLC Facts
  • Legal Requirements
  • LLC Cost Comparison
  • Why LLC Register
  • LLC Resources and Links
  • LLC FAQs
  • LLC Glossary

Transparent Cost Guide to Form a Rhode Island LLC with LLC Register

Every fee, line by line. The state fee is passed through at cost; there is nothing else to add at checkout.

Cost itemLLC Register feeRhode Island state feeEstimated totalOne-time or annual

Rhode Island LLC name search

$0$0$0Free

Rhode Island LLC business name generator

$0$0$0Free

Rhode Island LLC formation (articles of organization)

$0$0$0Free

Rhode Island registered agent

$99$0$99Annual

Rhode Island LLC compliance (annual report)

$0$50$50Annual

Rhode Island state filing fee

$0$150$150One-time
Example

Rhode Island LLC formation and annual compliance are included with the $99 annual registered agent service. You also pay the $150 state filing fee required by the Rhode Island Department of State. That makes $249 in year one, and renewal is $99 per year, plus the $50 Annual Report fee paid to the state at cost.

Comprehensive 10-Step Guide to Form a Rhode Island LLC

From the name search to your first annual report, in the order you will do them.

  1. 01

    Step 1 — Choose a compliant Rhode Island LLC name

    Your Rhode Island LLC name must include "limited liability company" or an abbreviation such as "LLC" or "L.L.C.". It must be distinguishable from other business names on file with the Department of State. Check that your name is available with the free Rhode Island Department of State business name search before you file.

    Name reservation: for $50

  2. 02

    Step 2 — Select a registered agent in Rhode Island

    Every Rhode Island LLC must name a registered agent to receive legal papers and state mail. Your registered agent must be a Rhode Island resident (or an entity authorized to do business in the state) with an actual Rhode Island street address, available during normal business hours. A P.O. Box, mail-forwarding address or virtual address is not accepted. LLC Register's Rhode Island registered agent service is $99 a year and includes LLC formation and annual report filing.

    Required by the Rhode Island Limited-Liability Company Act, R.I. Gen. Laws Chapter 7-16

  3. 03

    Step 3 — Decide how the Rhode Island LLC will be managed

    Member-managed LLCs are run by their owners; manager-managed LLCs appoint managers to run the business. You choose the structure when you file the Articles of Organization and set the details in your operating agreement.

    Member-managed or manager-managed

  4. 04

    Step 4 — File the Articles of Organization with the Rhode Island Department of State

    Submit the Articles of Organization and pay the $150 state filing fee. You can file online through the Department of State's filing system, by mail, or in person in Providence. Processing takes about 1–3 business days. We prepare and file it for you.

    State fee: $150

  5. 05

    Step 5 — Create an LLC operating agreement

    Rhode Island does not require an operating agreement, and you never file one with the state. The law recognizes agreements among members without mandating a written form. Ours is included and ready to sign.

    Included with LLC Register

  6. 06

    Step 6 — Obtain an EIN or FTIN

    Get your federal Employer Identification Number from the IRS. It is free, and applying online gives you the number right away. You need it to hire employees, open a business bank account and file federal taxes; owners without a Social Security number apply with Form SS-4.

    Free from the IRS · Form SS-4

  7. 07

    Step 7 — Open a business banking account

    Keep business and personal money apart to protect your limited liability. Banks usually ask for your filed Articles of Organization, your EIN and your operating agreement.

    Bring your formation document, EIN and operating agreement

  8. 08

    Step 8 — Register for Rhode Island taxes, permits and licenses

    If you sell taxable goods or services, register for a Sales Tax Permit with the Rhode Island Division of Taxation before your first sale. Before you hire, register for unemployment insurance with the Department of Labor and Training, and for income tax withholding with the Division of Taxation. Check with your city and county for local business licenses.

    Tax agency: Rhode Island Division of Taxation

  9. 09

    Step 9 — Consider other LLC documents

    Such as a banking resolution, a Certificate of Good Standing / Legal Existence ($22), or foreign qualification if you operate in other states. If you use a brand name other than your LLC's legal name, file a Fictitious Business Name Statement (Form 624B).

    Certificate: $22 · DBA: $50

  10. 10

    Step 10 — Set reminders for annual compliance

    Rhode Island requires the Annual Report every year. It is due between February 1 and May 1 every year. The first one is due between February 1 and May 1 of the year after your LLC is formed. We track the deadline and file it on time while your agent service is active.

    State fee: $50 · Annual

Rhode Island LLC Formation Facts Table

The official numbers, names and links for a Rhode Island LLC, each checked against the state agency.

Rhode Island LLC filing agency

Rhode Island Department of State, Business Services Division

Rhode Island LLC formation document

Articles of Organization

Rhode Island LLC filing fee

$150

Standard processing time

Processing takes about 1–3 business days.

Expedited filing

Not offered

Rhode Island online LLC filing

business.sos.ri.gov/corp/loginsystem/login_form.asp

Rhode Island LLC name search

swyftfilings.com/business-name-generator

Name reservation

Available for $50

Rhode Island registered agent required

Yes

Registered agent address rule

Your registered agent must be a Rhode Island resident (or an entity authorized to do business in the state) with an actual Rhode Island street address, available during normal business hours. A P.O. Box, mail-forwarding address or virtual address is not accepted.

Can you be your own registered agent

Yes

Rhode Island registered agent service

/registered-agent/rhode-island

Annual or biennial filing

Annual Report, every year

Annual report state fee

$50

First compliance deadline

Between February 1 and May 1 of the year after your LLC is formed

Recurring due date

Between February 1 and May 1 every year

Late filing penalty

A $25 late fee applies if you have not filed by June 1. Filing online adds a $3.00 electronic filing fee on top of the $50 report fee.

Annual Report filing

sos.ri.gov/divisions/business-services/ri-business/file-your-annual-report

Franchise or privilege tax

Rhode Island does not charge a separate franchise or privilege tax on a pass-through LLC. An LLC that elects to be taxed as a corporation instead pays Rhode Island's corporate income tax, which has its own annual minimum.

State income tax on LLC profits

Rhode Island taxes an LLC the way the IRS does by default, so profits pass through to the members' personal income tax returns. Rhode Island also assesses every LLC a minimum annual charge through the Division of Taxation, separate from the Secretary of State's annual report.

Sales tax permit

Sales Tax Permit, issued by Rhode Island Division of Taxation

Operating agreement required by law

No

Newspaper publication required

No

Series LLC allowed

No

Professional LLC (PLLC) allowed

Yes

Certificate of good standing fee

$22 (Certificate of Good Standing / Legal Existence)

Foreign LLC registration fee

$150 (Application for Registration (foreign LLC))

Amendment fee

$50 (Articles of Amendment)

Dissolution fee

$50 (Articles of Dissolution (Form 404))

DBA (assumed name) filing

$50 (Fictitious Business Name Statement (Form 624B)), filed with Rhode Island Department of State

Rhode Island LLC law

webserver.rilegislature.gov/Statutes/TITLE7/7-16/INDEX.HTM

Free trademark search

trademarkengine.com/free-trademark-search

Trademark registration

trademarkengine.com

Virtual mailbox

snapmailbox.com

Apply for an EIN (IRS)

irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number

Author: LLC RegisterLast reviewed 9/30/2026

Rhode Island agency: Rhode Island Department of StateLast reviewed 9/30/2026

Legal Requirements to Start a Rhode Island LLC

What Rhode Island law requires of every LLC, with the rule and the agency that enforces it.

Name

A distinguishable LLC name

Your Rhode Island LLC name must include "limited liability company" or an abbreviation such as "LLC" or "L.L.C.". It must be distinguishable from other business names on file with the Department of State. Search the name for free with the Rhode Island business name search before you file. You can reserve a name for $50. The rules come from the Rhode Island Limited-Liability Company Act, R.I. Gen. Laws Chapter 7-16.

Agent

A Rhode Island registered agent

Every Rhode Island LLC must appoint and keep a registered agent in Rhode Island. Your registered agent must be a Rhode Island resident (or an entity authorized to do business in the state) with an actual Rhode Island street address, available during normal business hours. A P.O. Box, mail-forwarding address or virtual address is not accepted. To change agents, file the Statement of Change of Registered Agent ($10). LLC Register's Rhode Island registered agent service is $99 a year and includes LLC formation and annual report filing.

Filing

The Articles of Organization

Your LLC exists once the Rhode Island Department of State accepts your Articles of Organization and the $150 filing fee. You can file online through the Department of State's filing system, by mail, or in person in Providence. Processing takes about 1–3 business days.

Governance

An operating agreement

Rhode Island does not require an operating agreement, and you never file one with the state. The law recognizes agreements among members without mandating a written form. Even where it is optional, a written operating agreement sets ownership, voting, profit splits and what happens when a member leaves, and banks often ask for one.

Compliance

Annual Report

Rhode Island requires every LLC to file the Annual Report every year for $50. It is due between February 1 and May 1 every year. The first one is due between February 1 and May 1 of the year after your LLC is formed. A $25 late fee applies if you have not filed by June 1. Filing online adds a $3.00 electronic filing fee on top of the $50 report fee.

Tax

State taxes and licenses

Rhode Island does not charge a separate franchise or privilege tax on a pass-through LLC. An LLC that elects to be taxed as a corporation instead pays Rhode Island's corporate income tax, which has its own annual minimum. Rhode Island taxes an LLC the way the IRS does by default, so profits pass through to the members' personal income tax returns. Rhode Island also assesses every LLC a minimum annual charge through the Division of Taxation, separate from the Secretary of State's annual report. If you sell taxable goods or services, register for a Sales Tax Permit with the Rhode Island Division of Taxation before your first sale. See the Rhode Island Division of Taxation for registrations.

Rhode Island LLC Company Cost Comparison

Published prices for forming and keeping a Rhode Island LLC, compared line by line.

What you pay forLLC RegisterLegalZoomZenBusiness

LLC formation service

$0$0$0

Rhode Island filing fee

$150$150$150

Registered agent, first year

$99$249$99

Annual report filing

$0$99$100

First-year total

$99 + state fee$249 + state fee$99 + state fee

Registered agent renewal

$99 per year$249 per year$199 per year

Competitor prices are for each company's lowest-priced LLC package, as published on its own website on September 29, 2026. The Rhode Island state fee is extra with every provider. Prices change; check each provider before you buy.

Why Form Your Rhode Island LLC with LLC Register

One price, the whole bill up front, and your LLC kept in good standing every year.

  • $99 a year. That is the whole price.

    The same $99 at renewal, every year. No tiers to compare and nothing pre-checked at checkout.

  • Formation included

    We prepare and file your Articles of Organization with the Rhode Island Department of State. You pay only the $150 state fee, at cost.

  • A Rhode Island registered agent

    A physical Rhode Island address for legal and state mail, with scans sent to you the same day.

  • Your annual compliance, handled

    We track the Rhode Island deadlines and file your Annual Report on time while your agent service is active.

  • Every fee shown before you pay

    The cost guide above is the bill. State fees are passed through at cost and never marked up.

  • Support by email

    Real people answer your questions by email, before and after your Rhode Island LLC is formed.

Important Rhode Island LLC Resources and Links

Official Rhode Island offices, forms and data in one place. Every link goes to the source.

State government offices

  • Rhode Island Department of State148 W. River Street, Providence, RI 02904 · (401) 222-3040
  • Rhode Island Division of Taxationtax.ri.gov
  • Rhode Island Department of Labor and Trainingdlt.ri.gov
  • Rhode Island business portalbusiness.ri.gov

Filing, forms and records

  • Online LLC filingbusiness.sos.ri.gov
  • Business name searchbusiness.sos.ri.gov
  • Articles of Organization formdocs.sos.ri.gov
  • Certificate of Good Standing / Legal Existencesos.ri.gov
  • Annual Report filingsos.ri.gov
  • Foreign LLC registration (Application for Registration (foreign LLC))sos.ri.gov
  • DBA (Fictitious Business Name Statement (Form 624B))docs.sos.ri.gov
  • Rhode Island Limited-Liability Company Act, R.I. Gen. Laws Chapter 7-16webserver.rilegislature.gov

Taxes, permits and licenses

  • IRS: apply for an EINirs.gov
  • IRS: LLC tax classificationirs.gov

Rhode Island business data and help

  • Population and demographicsU.S. Census Bureau QuickFacts, Rhode Island
  • Small business statisticsSBA Office of Advocacy, 2025 state small business profiles
  • Rhode Island Small Business Development Centerrisbdc.org
  • U.S. Small Business Administrationsba.gov
  • SBA local assistanceFind SBA offices and advisors near you in Rhode Island

More official Rhode Island resources

  • RI Business AssistantAn interactive checklist tool from the Department of State for starting a Rhode Island business.

Rhode Island LLC FAQs

Short questions, direct answers about forming and running an LLC in Rhode Island.

Start Rhode Island LLC

How much does it cost to start an LLC in Rhode Island?

Per the Rhode Island Department of State, as of September 2026, Rhode Island charges $150 to file the Articles of Organization. After that, the Annual Report costs $50 every year. With LLC Register, formation is included in the $99-a-year Rhode Island registered agent service, so year one costs $249.

How long does it take to form an LLC in Rhode Island?

Processing takes about 1–3 business days. Rhode Island does not offer paid expedited processing for LLC formations. Your LLC exists once the state accepts your filing.

How do I start an LLC in Rhode Island?

To start an LLC in Rhode Island, choose an available name, appoint a Rhode Island registered agent, and file the Articles of Organization with the Rhode Island Department of State for $150. Then sign an operating agreement, get a free EIN from the IRS, open a business bank account and register for any state taxes. LLC Register files it for you as part of the $99-a-year registered agent service.

Can I form an LLC online in Rhode Island?

Yes. You can file online through the Department of State's filing system, by mail, or in person in Providence. The Articles of Organization costs $150.

What is the Rhode Island LLC formation document called?

In Rhode Island you form an LLC by filing the Articles of Organization with the Rhode Island Department of State. Other states call this document the articles of organization or the certificate of formation. The filing fee is $150.

Is there an expedited LLC filing option in Rhode Island?

No. Rhode Island does not offer paid expedited processing for LLC formations. Processing takes about 1–3 business days.

How do I do a Rhode Island LLC name search?

Use the Rhode Island Department of State's free online business name search to check whether your LLC name is available. Your Rhode Island LLC name must include "limited liability company" or an abbreviation such as "LLC" or "L.L.C.". It must be distinguishable from other business names on file with the Department of State.

What are the Rhode Island LLC name requirements?

Your Rhode Island LLC name must include "limited liability company" or an abbreviation such as "LLC" or "L.L.C.". It must be distinguishable from other business names on file with the Department of State. The rules are set by the Rhode Island Limited-Liability Company Act, R.I. Gen. Laws Chapter 7-16.

Can I reserve an LLC name in Rhode Island?

Yes. You can reserve a name for $50. A reservation is optional; filing the formation document also secures the name.

Do I need a registered agent for my Rhode Island LLC?

Yes. Every Rhode Island LLC must have a registered agent. Your registered agent must be a Rhode Island resident (or an entity authorized to do business in the state) with an actual Rhode Island street address, available during normal business hours. A P.O. Box, mail-forwarding address or virtual address is not accepted.

Can I be my own registered agent in Rhode Island?

Yes. A member or manager who is a Rhode Island resident with a street address in the state can serve as the LLC's registered agent. Your address becomes public record, and someone must be there during business hours to accept legal papers.

Can I use a PO box for my Rhode Island LLC?

Not as your registered agent's address. Your registered agent must be a Rhode Island resident (or an entity authorized to do business in the state) with an actual Rhode Island street address, available during normal business hours. A P.O. Box, mail-forwarding address or virtual address is not accepted. A PO box can usually serve as a mailing address, but the registered agent needs a physical address in Rhode Island.

How do I change my registered agent in Rhode Island?

File the Statement of Change of Registered Agent with the Rhode Island Department of State. The fee is $10.

How much does a registered agent cost in Rhode Island?

Serving as your own Rhode Island registered agent is free if you qualify. Commercial registered agents charge a yearly fee. LLC Register's Rhode Island registered agent service is $99 a year and includes LLC formation and annual report filing.

Does Rhode Island require an annual report for LLCs?

Yes. Rhode Island LLCs must file the Annual Report every year. The state fee is $50.

When is the Rhode Island LLC annual report due?

The Annual Report is due between February 1 and May 1 every year. Your first one is due between February 1 and May 1 of the year after your LLC is formed. It is filed with the Rhode Island Department of State.

How much is the Rhode Island LLC annual report fee?

Per the Rhode Island Department of State, as of September 2026, the Annual Report state fee is $50. It is due between February 1 and May 1 every year. LLC Register files it for you at no extra service fee while your registered agent service is active.

What happens if I miss the Rhode Island annual report deadline?

A $25 late fee applies if you have not filed by June 1. Filing online adds a $3.00 electronic filing fee on top of the $50 report fee. File as soon as possible to keep your LLC in good standing.

Does Rhode Island have a franchise tax for LLCs?

Rhode Island does not charge a separate franchise or privilege tax on a pass-through LLC. An LLC that elects to be taxed as a corporation instead pays Rhode Island's corporate income tax, which has its own annual minimum.

How are LLCs taxed in Rhode Island?

Rhode Island taxes an LLC the way the IRS does by default, so profits pass through to the members' personal income tax returns. Rhode Island also assesses every LLC a minimum annual charge through the Division of Taxation, separate from the Secretary of State's annual report. Federally, a single-member LLC is taxed like a sole proprietorship and a multi-member LLC like a partnership, unless it elects to be taxed as a corporation.

Do I need a sales tax permit for my Rhode Island LLC?

If you sell taxable goods or services, register for a Sales Tax Permit with the Rhode Island Division of Taxation before your first sale.

How do I register my Rhode Island LLC as an employer?

Before you hire, register for unemployment insurance with the Department of Labor and Training, and for income tax withholding with the Division of Taxation. You also need an EIN from the IRS before you run payroll.

Do I need a business license for my Rhode Island LLC?

It depends on your industry and location: Rhode Island regulates some professions and activities through state licenses, and many cities and counties require local business licenses. Start with the Rhode Island business portal.

Do I need an operating agreement for a Rhode Island LLC?

Rhode Island does not require an operating agreement, and you never file one with the state. The law recognizes agreements among members without mandating a written form. LLC Register includes an operating agreement with every Rhode Island LLC it forms.

Do I need an EIN for my Rhode Island LLC?

You need an EIN if your LLC has employees or more than one member, and most banks ask for one to open a business account. A single-member LLC without employees can use the owner's Social Security number for federal taxes, but an EIN keeps it off business paperwork.

How do I get an EIN for a Rhode Island LLC?

Apply for free on the IRS website once the state has approved your LLC; online applicants receive the EIN immediately. Owners without a Social Security number can apply with Form SS-4 by fax or mail.

Can a nonresident form an LLC in Rhode Island?

Yes. You do not have to live in Rhode Island or be a U.S. citizen to form a Rhode Island LLC. You do need a registered agent with a physical address in Rhode Island. Non-U.S. owners without a Social Security number apply for an EIN with IRS Form SS-4.

Can I form a single-member LLC in Rhode Island?

Yes. Rhode Island allows an LLC with a single owner. By default the IRS taxes a single-member LLC like a sole proprietorship, reported on the owner's personal return.

Does Rhode Island allow series LLCs?

No. Rhode Island's LLC Act does not provide for series LLCs.

Can licensed professionals form a PLLC in Rhode Island?

Yes. Rhode Island does not require a separate professional LLC designation; licensed professionals generally form an ordinary LLC subject to their licensing board's rules.

Does Rhode Island require LLCs to publish a formation notice?

No. Rhode Island does not require newspaper publication to form an LLC.

How do I get a certificate of good standing in Rhode Island?

Order a Certificate of Good Standing / Legal Existence from the Rhode Island Department of State for $22. Banks, lenders and other states often ask for one as proof your LLC is current with the state.

How do I register a foreign LLC in Rhode Island?

An LLC formed in another state registers to do business in Rhode Island by filing the Application for Registration (foreign LLC) with the Rhode Island Department of State. The fee is $150, and the LLC needs a Rhode Island registered agent. Foreign LLCs must submit a certificate of good standing from their home state, dated within 60 days, when registering in Rhode Island.

How do I amend my Rhode Island LLC?

File the Articles of Amendment with the Rhode Island Department of State for $50. Amend when you change your LLC's name or other information in the formation document.

How do I dissolve an LLC in Rhode Island?

File the Articles of Dissolution (Form 404) with the Rhode Island Department of State for $50. Before you file, wind up the business: pay debts, close tax accounts and distribute what is left to the members.

How do I file a DBA for my Rhode Island LLC?

File a Fictitious Business Name Statement (Form 624B) with the Rhode Island Department of State for $50. Rhode Island fictitious names never expire and do not need to be renewed. A DBA lets your LLC trade under another name without forming a new company.

Can my Rhode Island LLC be taxed as an S corporation?

Yes. An eligible LLC can elect S corporation tax status by filing IRS Form 2553. The election can reduce self-employment tax once profits are high enough to pay yourself a reasonable salary. Rhode Island taxes an LLC the way the IRS does by default, so profits pass through to the members' personal income tax returns. Rhode Island also assesses every LLC a minimum annual charge through the Division of Taxation, separate from the Secretary of State's annual report.

What are the benefits of forming an LLC in Rhode Island?

An LLC separates your personal assets from business debts and lawsuits, keeps pass-through taxation, and needs less paperwork than a corporation. In Rhode Island it costs $150 to form and the Annual Report is $50 every year.

LLC vs sole proprietorship in Rhode Island: which is better?

A sole proprietorship costs nothing to start, but you are personally liable for the business's debts. A Rhode Island LLC costs $150 to form and protects your personal assets, with the same pass-through taxes by default.

Should I form my LLC in Delaware or Wyoming instead of Rhode Island?

Usually not if your business operates in Rhode Island. An out-of-state LLC doing business here must also register as a foreign LLC in Rhode Island for $150 and keep a Rhode Island registered agent, so you pay two states' fees.

Does LLC Register charge a separate fee to form a Rhode Island LLC?

No. Formation is included in the $99-a-year Rhode Island registered agent service. The state still charges its $150 filing fee, which we pass through at cost.

What does LLC Register include with a Rhode Island LLC?

For $99 a year plus the $150 state fee: Rhode Island LLC formation in year one, a Rhode Island registered agent, an operating agreement, and filing of your Annual Report every year. Renewal is $99 a year. State fees are passed through at cost.

Does my Rhode Island LLC need to file a BOI report with FinCEN?

No. FinCEN has exempted companies created in the United States from beneficial ownership information (BOI) reporting. Only foreign companies registered to do business in a U.S. state still have to report.

Which state agency handles LLC filings in Rhode Island?

The Rhode Island Department of State, Business Services Division, handles LLC formations, amendments and annual filings. Its office is at 148 W. River Street, Providence, RI 02904.

Do I need a separate bank account for my Rhode Island LLC?

Yes, you should. Mixing business and personal money can weaken the liability protection your LLC gives you. Banks usually ask for your filed Articles of Organization, your EIN and your operating agreement.

Complete Rhode Island LLC Glossary

The terms, documents and filings you will meet when forming a Rhode Island LLC.

Annual report

A recurring filing that keeps your LLC in good standing with the state. In Rhode Island it is the Annual Report, due between February 1 and May 1 every year.

Articles of Organization

The document filed with the state to create an LLC. Some states call it a Certificate of Formation; in Rhode Island it is the Articles of Organization.

Assumed name (DBA)

A trade name your LLC uses instead of its legal name. In Rhode Island you file a Fictitious Business Name Statement (Form 624B).

Banking resolution

A document authorizing who may open and run the LLC's bank accounts.

Certificate of good standing

Proof from the state that your LLC exists and is current on its filings and fees. In Rhode Island it is the Certificate of Good Standing / Legal Existence.

Dissolution

Formally closing an LLC with the state. In Rhode Island you file the Articles of Dissolution (Form 404).

EIN

Employer Identification Number: the nine-digit federal tax ID the IRS issues to a business.

Foreign qualification

Registering an LLC formed in another state so it can do business in Rhode Island, through the Application for Registration (foreign LLC).

Franchise tax

A state tax some states charge for the privilege of doing business there. Rhode Island does not charge a separate franchise or privilege tax on a pass-through LLC. An LLC that elects to be taxed as a corporation instead pays Rhode Island's corporate income tax, which has its own annual minimum.

Limited liability

The legal protection that keeps the owners' personal assets separate from the LLC's debts and lawsuits.

Manager-managed LLC

An LLC run by appointed managers rather than by all of its members.

Member

An owner of an LLC. An LLC can have one member or many, and members can be people or companies.

Member-managed LLC

An LLC run directly by its owners, the members.

Operating agreement

The internal contract that sets out an LLC's ownership, voting, profits and what happens when a member leaves.

Pass-through taxation

The default federal tax treatment of an LLC: profits pass to the owners' personal returns instead of being taxed at the company level.

Professional LLC (PLLC)

An LLC for licensed professionals such as doctors, lawyers or accountants. Available in Rhode Island.

Registered agent

The person or company with a physical Rhode Island address named to receive legal papers and state mail for the LLC.

Rhode Island Limited-Liability Company Act, R.I. Gen. Laws Chapter 7-16

The Rhode Island law that governs how LLCs are formed, run and dissolved.

S corporation election

A federal tax election, made on IRS Form 2553, that lets an eligible LLC be taxed as an S corporation.

Series LLC

An LLC divided into separate series, each with its own assets and liabilities. Not provided for in Rhode Island law.

Single-member LLC

An LLC with one owner. By default the IRS taxes it like a sole proprietorship.

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LLC Register helps entrepreneurs form and maintain their LLC with fast, guided filings and ongoing compliance support. This site provides general information and is not a substitute for legal or tax advice.

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