You can get an LLC in Rhode Island in 1-2 business days if you file online (or 2 weeks if you file by mail).
How long does it take for an LLC to be approved in RI?
approximately 2-3 days
The approval process takes approximately 2-3 days. Online filing also costs $150. It can take 1 to 2 days. In person.
How long does it take for an LLC to be approved by the state?
Depending on how fast the state processes business filings, it can generally take between a week to ten business days. In some states, once your intake information is received, the state agency often issues approval for the limited liability company within only three business days.
How much does an LLC cost in RI?
Costs & Fees
| Corporation | Limited Liability Company (LLC)(L3C) | |
|---|---|---|
| Initial RI Dept. of State Filing Fee | $230 | $150 |
| RI Dept. of State Annual Report | $50 | $50 |
| RI Division of Taxation Minimum Corporate Tax | $400* | $400* |
| Additional Licensing Fees | Use our Business Assistant to gather licensing information for your specific business type. |
How long does LLC setup take?
If in your state, it takes two weeks, plus the two weeks travel time in the mail; then a corporation would take about four weeks. Online approval time: In most states, the timeframes through digital platforms are shorter than by mail.
How do I start an LLC in Rhode Island?
Here are the steps you need to take to form an LLC in Rhode Island.
- Choose a Name for Your LLC.
- Appoint a Resident Agent.
- File Articles of Organization.
- Prepare an Operating Agreement.
- Obtain an EIN.
- File Annual Reports.
How do I get an EIN number in Rhode Island?
If you don’t have an SSN or ITIN, you can still get an EIN for your Rhode Island LLC. You just can’t apply for an EIN online. You will need to mail or fax Form SS-4 to the IRS instead and you must fill the form out in a certain way.
How long does it take for a business application to be approved?
The time that your business’ application will take to process is predicated on the business structure you will be using. The entire process of gaining a registered status for your business can vary, spanning from one day to over six months.
How long does it take to register a company?
A Company certificate can be registered within 3-5 days afterward, depending on whether you have submitted your documents on time, and the workload of the registrar’s office.
How long does it take to open a business?
In general, though, if you need a location and can find one that doesn’t need too much renovation, you can start a retail business or service business in less than six months. Needing a loan and hiring employees will add some time to the process. Buying an existing business may take a little less time, but not much.
What is better for a small business LLC or S corporation?
If there will be multiple people involved in running the company, an S Corp would be better than an LLC since there would be oversight via the board of directors. Also, members can be employees, and an S corp allows the members to receive cash dividends from company profits, which can be a great employee perk.
How do I establish an LLC?
How to Set Up an LLC
- Decide on a Business Name.
- Designate a Registered Agent.
- Get a Copy of Your State’s LLC Article of Organization Form.
- Prepare the LLC Article of Organization Form.
- File the Articles of Organization.
- Create an Operating Agreement.
- Keep Your LLC Active.
How do I dissolve an LLC in RI?
To dissolve your Rhode Island LLC, submit the completed Articles of Dissolution to the Rhode Island Secretary of State (SOS) by mail or in person. Your LLC has to be in good standing to dissolve, so make sure you have filed all annual reports and maintained a Rhode Island registered agent.
Is LegalZoom legit?
Overall, LegalZoom is well-rated across online review sites. LegalZoom has an average of more than four stars on Trustpilot, ConsumerAffairs, and the Better Business Bureau. LegalZoom is a BBB-accredited business with an A+ rating—however, they do have more than 500 complaints closed in the last three years.
How long does it take to get an LLC in Massachusetts?
How long does it take to form an LLC in Massachusetts? Filing the Articles of Organization can take 4 hours online post-payment, or 4 to 5 business days by mail. Expedited filings are also available.
How long does it take for an LLC to be approved in PA?
Pennsylvania LLC Approval Times
Mail filings: In total, mail filing approvals for Pennsylvania LLCs take 5-6 weeks. This accounts for the 4 week processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for Pennsylvania LLCs take four (4) weeks.
What qualifies as doing business in Rhode Island?
Typically, “doing business” is defined by activities such as maintaining a physical office or having employees in the state. Rhode Island LLC and corporation law lists several activities that are not classified as transacting business in the state.
How do I incorporate my business in Rhode Island?
To start a corporation in Rhode Island, you’ll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Secretary of State, Division of Business Services. You can file this document online, by mail, or in person.
How do I set up a DBA in RI?
Step 2: Filing Your Rhode Island Fictitious Business Name Statement
- Option 1: File Online With Rhode Island’s Business Services Online Filing System.
- Option 2: File the Fictitious Business Statement by Mail.
- Cost: $50 Filing Fee.
- Mailing Address: Division of Business Services. 148 W. River Street. Providence, RI 02904-2615.
How much does it cost to register a business in RI?
How much does it cost to start an LLC in Rhode Island? Forming an LLC in Rhode Island costs $150 to file your Articles of Organization with the Office of the Secretary of State.
Do I need a business license to sell online in RI?
If you plan on selling anything as part of your new business, you will need to obtain a Permit to Make Sales at Retail to charge sales tax. The state tax rate is a set rate of 7% for the whole state regardless of where you are located in Rhode Island.