how to run an llc in ri course

How do I start an LLC in Rhode Island?

Aug 18, 2021 · Forming an LLC in Rhode Island is simple. Search your Rhode Island LLC name in the state database and select your Rhode Island Registered Agent. Then file your Articles of Organization with the Rhode Island Secretary of State and wait for your LLC to be approved. You can file your LLC by mail, online, or walk-in filing.

Can a foreign LLC do business in Rhode Island?

Starting an LLC in RI is Easy You can form a Rhode Island LLC online by registering the RI LLC Articles of Organization with the Department of State. The cost to start an LLC in Rhode Island is $150. Follow our How to Start an LLC in Rhode Island guide below to get started. Step 1: Create A Name For Your Rhode Island LLC

What happens if you don't file an LLC in Rhode Island?

Jul 14, 2021 · LLC formation in Rhode Island is easy. Just follow these six easy steps, and you'll be on your way. 1. Name Your Rhode Island LLC You'll need to choose a name to include in your articles before you can register your LLC. Names must comply with Rhode Island naming requirements. The following are the most important requirements to keep in mind:

Who is the registered agent of a Rhode Island LLC?

What is an LLC?

LLC is short for Limited Liability Company. It is a simple business structure that offers more flexibility than a traditional corporation while pro...

Do I need to get a DBA or Trade Name for my business?

Most LLCs do not need a DBA. The name of the LLC can serve as your company’s brand name and you can accept checks and other payments under that nam...

Can I be my own resident agent in Rhode Island?

Yes. You or anyone else in your company can serve as the resident agent for your LLC. Read more about being your own resident agent.

Is a Registered Agent service worth it?

Using a professional Registered Agent service is an affordable way to manage government filings for your LLC. For most businesses, the advantages o...

What is the processing time to form my Rhode Island LLC?

5 to 7 business days online or by mail.

What is the difference between a domestic LLC and foreign LLC?

An LLC is referred to as a "domestic LLC" when it conducts business in the state where it was formed. Normally when we refer to an LLC we are actua...

How much does it cost to start a Rhode Island LLC?

The cost to start a Rhode Island LLC is $150. To learn more, read our guide on the cost to form a Rhode Island LLC.

Do I need to file my operating agreement with the state?

No. The operating agreement is an internal document that you should keep on file for future reference. However, many states do legally require LLCs...

How do I get an EIN if I don’t have a Social Security number?

An SSN is not required to get an EIN. You can simply fill out IRS Form SS-4 and leave section 7b blank. Then call the IRS at (267) 941-1099 to comp...

What tax structure should I choose for my Rhode Island LLC?

When you get an EIN, you will be informed of the different tax classification options that are available. Most LLCs elect the default tax status. H...

What is an LLC in Rhode Island?

LLCs are the most popular structure for small businesses in Rhode Island. That's because starting and running a limited liability company (LLC) is very simple and offers important benefits. LLCs can protect your personal assets (car, house, savings) if something happens to your business. LLCs also offer credibility and options to save on taxes.

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

The cost to start an LLC in Rhode Island is $150.

What is the job of a registered agent?

A registered agent's job is to accept legal documents like service of process and tax notices for your LLC. Your registered agent can be a person or a registered agent service.

What is an Oregon LLC operating agreement?

Creating an Oregon LLC operating agreement is the only way to legally lock down your LLC’s management and ownership structure. Having this document in place will give you something to return to if a dispute or lawsuit arises.

What is an EIN number?

An Employer Identification Number (EIN) is like a Social Security number (SSN) for your company. The IRS and the state of Rhode Island will use this number to track your business activity.

What is a registered agent in Rhode Island?

A registered agent is the person or entity authorized to receive service of process and other official legal documents and notices on behalf of your LLC.

How long can you reserve your LLC name?

In [State], names may be reserved for up to 120 days by paying the fee and submitting the proper form to the state authority. 2. Choose Your Registered Agent.

What is an Articles of Organization?

The Articles of Organization is a document that officially establishes your LLC by laying out basic information about it. Prepare Articles of Organization and file them with the Rhode Island Secretary of State to properly register your Rhode Island LLC.

What is a perpetual LLC?

An LLC's duration or time period over which the LLC will exist. In most cases, LLCs are perpetual, meaning the duration is indefinite. A perpetual LLC can be dissolved voluntarily or involuntarily. If your LLC exists for a purpose that will end at a specified date, you will specify that date here.

Does Rhode Island require an LLC?

Rhode Island doesn't require an LLC to file an operating agreement, but it is an essential component of your business. Having a readily accessible, written operating agreement is helpful for various reasons, including settling disputes that may arise over financial agreements and other potential litigation.