Form Rhode Island LLC- Limited Liability Company
Rhode Island Limited Liability Company
A Limited Liability Company (or LLC) in Rhode Island provides you the flexibilities of tax as in a partnership business and limited liabilities as in a corporation. A State LLC in Rhode Island gives you protection against personal liabilities for business debts.
Rhode Island LLC General Requirements
The general requirements to form an Rhode Island LLC are:
- Articles of Organization
- Certificate of Organization
- Permit and license from the State
- Annual tax report
- Company name
- Registered agent
- LLC filing fee
1. Naming Attributes
An LLC requires a definite name to file the articles of organization. This name must not match with any legal authorized organizations in the State; it must be unique. The name must also end with any of the words Limited Liability Company, Ltd. Liability Co., LLC, L.L.C., L.C., or Ltd.
2. Registered Agent
The registered agent for your LLC in Rhode Island has to be a resident of the state and a citizen of the United States. The registered agent should also have a physical address in the state.
3. Taxation and LLC Filing Fee
The taxation policies of Rhode Island provide tax exemption and tax deduction facilities to the owners of an LLC. The pass-through taxation policies allow owners to account profit and loss on their personal tax return. The LLC filing fee in Rhode Island is $150. This filing fee is required to prepare the articles of organization with Rhode Island Secretary of State.