What an LLC Costs in Rhode Island
The Rhode Island LLC filing fee, the annual report fee, any state franchise or minimum tax, and other required costs, from the official state sources.
Short answer: The Department of State lists the fee for registering an LLC (Articles of Organization) at $150. By statute, the fee for filing the original articles of organization is one hundred fifty dollars ($150). R.I. Gen. Laws § 7-16-65(1); RI Department of State, Start Your Rhode Island Business
| LLC filing fee | The Department of State lists the fee for registering an LLC (Articles of Organization) at $150. By statute, the fee for filing the original articles of organization is one hundred fifty dollars ($150). |
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| Annual report | LLCs file an annual report (Form 632) with the Department of State during the filing period February 1 – May 1. The Department's chart lists a $50 filing fee, a $2.50 enhanced access online fee, and a $25 late filing penalty applied June 1. The Department's LLC Welcome Packet says the report is due each year you are in business, and that failing to file an annual report does not dissolve the business. Businesses that do not meet annual obligations lose good standing status. |
| State franchise or minimum tax | Every incorporated for-profit business registered with the Department of State, including LLCs, must pay at least a minimum annual tax of $400 to the RI Division of Taxation each tax year. The Department says this tax is not pro-rated and is owed even if no business was conducted or no profit was made. LLCs taxed as partnerships pay the $400 annual charge by March 15; LLCs treated as corporations pay by April 15 the greater of the 7% corporate income tax or the $400 charge. |
Where to get help in Rhode Island
More Rhode Island starting an llc & small business
- LLC Annual Report in Rhode Island
- Registering a DBA (Assumed Name) in Rhode Island
- All Rhode Island starting an llc & small business rules
FAQ
How much does it cost to form an LLC in Rhode Island?
The Department of State lists the fee for registering an LLC (Articles of Organization) at $150. By statute, the fee for filing the original articles of organization is one hundred fifty dollars ($150).
Does an LLC have to file an annual report in Rhode Island?
LLCs file an annual report (Form 632) with the Department of State during the filing period February 1 – May 1. The Department's chart lists a $50 filing fee, a $2.50 enhanced access online fee, and a $25 late filing penalty applied June 1. The Department's LLC Welcome Packet says the report is due each year you are in business, and that failing to file an annual report does not dissolve the business.
What state taxes does an LLC pay in Rhode Island?
Every incorporated for-profit business registered with the Department of State, including LLCs, must pay at least a minimum annual tax of $400 to the RI Division of Taxation each tax year. The Department says this tax is not pro-rated and is owed even if no business was conducted or no profit was made. LLCs taxed as partnerships pay the $400 annual charge by March 15; LLCs treated as corporations pay by April 15 the greater of the 7% corporate income tax or the $400 charge.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.