Why Form an LLC in Rhode Island
Rhode Island is the smallest US state with a strategic New England location between Boston and New York.
The $150 filing fee is higher than average. The $400 minimum annual tax applies to ALL LLCs regardless of income.
Providence has a growing startup scene anchored by Brown University and RISD.
For non-residents, the $400 minimum tax makes RI one of the most expensive states for maintenance.
Rhode Island LLC Costs and Fees
Complete fee breakdown for Rhode Island LLCs. State fees sourced from the Rhode Island Secretary of State.
| Fee | Amount | When Due |
|---|---|---|
| Articles of Organization | $150 | One-time |
| Annual report | $50/year | Feb 1 - May 1 |
| Minimum annual tax | $400/year | All LLCs |
| 24-hour expedited | $50 additional | Optional |
| Registered agent | $100-150/year | Ongoing |
Step-by-Step: How to Form a Rhode Island LLC
Step 1: Choose your LLC name
Your name must be distinguishable from existing entities. Must include "LLC" or "Limited Liability Company." Check availability on the Rhode Island business search. Reserve a name for 120 days for $50.
Step 2: Appoint a registered agent
Every Rhode Island LLC needs a registered agent with a physical Rhode Island address (not a PO Box). USLLCGlobal includes one year of registered agent service in all packages.
Step 3: File Articles of Organization
File with the Rhode Island Secretary of State through the Rhode Island filing portal or by mail. Required information:
- LLC name with designator
- Registered agent name and address
- LLC mailing address
- Organizer name and address
- Member-managed or manager-managed
- $150 filing fee
$400 minimum annual tax
Every LLC in Rhode Island must pay $400/year to the Division of Taxation, regardless of income. Not pro-rated.
Step 4: Create an Operating Agreement
Not legally required in Rhode Island but essential. Defines ownership, profit distribution, management, and exit provisions. Banks and the IRS expect to see it.
Step 5: Obtain an EIN
Your federal tax ID from the IRS. Required for bank accounts, hiring, and taxes. Non-residents can apply via Form SS-4 (4-6 weeks). USLLCGlobal handles EIN applications in every package.
Step 6: Open a US bank account
With your Articles of Organization, EIN, and Operating Agreement, open a US business account. Mercury, Relay, and Wise Business allow remote opening for non-residents.
Annual Compliance Requirements
What you need each year to keep your Rhode Island LLC in good standing:
- Annual report: Feb 1 - May 1. Fee $50. Late fee $25 after May 31.
- Minimum annual tax: $400 to Division of Taxation. All LLCs.
- Federal tax filing: Form 5472 for non-US owners. $25,000 penalty.
- RI state tax: Up to 5.99%.
- Registered agent: Maintain physical RI address.
- FinCEN BOI Report: File within 30 days.
Rhode Island Taxes for LLCs
| Tax Type | Rate | Notes |
|---|---|---|
| Personal income tax | Up to 5.99% | Pass-through to members |
| Minimum annual tax | $400 | All LLCs regardless of income |
| Gross receipts tax | $0 | No gross receipts tax |
| State sales tax | 7% | Highest in New England |
Important tax note
Forming in Rhode Island does not eliminate federal US tax obligations. Non-resident owners must file Form 5472 annually ($25,000 penalty for non-filing). Consult a qualified tax professional.
Processing Times
| Option | Time | Fee |
|---|---|---|
| Standard | 5-7 business days | $0 (included) |
| 24-hour processing | As described | $50 additional |
Pros and Cons of a Rhode Island LLC
Advantages
- Strategic New England location
- Growing startup ecosystem
- Strong institutions (Brown, RISD)
- Maritime industry advantages
- Moderate annual report ($50)
- Tax incentives available
Disadvantages
- $400 minimum annual tax on ALL LLCs
- Higher $150 filing fee
- Income tax up to 5.99%
- 7% sales tax — highest in New England
- Small local market
- Not competitive for non-residents
The bottom line
Rhode Island's $400 minimum annual tax is the dealbreaker for most non-resident filers. Form here only if physically operating in RI.
Our Pricing: Rhode Island LLC Formation
Domestic Filers (US Residents)
$249 service + $150 state fee
International Filers (Non-US)
$349 service + $150 state fee
Every package includes:
- Articles of Organization filing with Rhode Island Secretary of State
- One year registered agent service
- Custom Operating Agreement
- EIN application
- Banking introduction letter
- Digital delivery within 24 hours of approval
- Compliance calendar
- Dedicated email and WhatsApp support
No hidden fees. No upsells. The price listed is the price you pay.
Form your Rhode Island LLC today
$399 all-in for US residents. $499 for international filers. Formed in 5-7 business days.
Start My Rhode Island LLC →