LLC Cost in Rhode Island — Complete Breakdown
Everything you need to know about forming and maintaining an LLC in Rhode Island.
Rhode Island LLC Formation Costs
Detailed Cost Breakdown for Rhode Island
| Cost Item | Amount |
|---|---|
| Articles of Organization (Filing Fee) | $150 |
| Annual Report / Franchise Tax | $50/yr |
| Registered Agent Service | $150/yr |
| Expedited Processing (optional) | +$50 |
| Operating Agreement (recommended) | $0 – $200 |
| EIN (Federal Tax ID) | Free (IRS) |
| Estimated First-Year Total | $350 |
Cost Comparison: Rhode Island vs. Neighboring States
| State | Filing Fee | Annual Fee | Total 1st Year | vs. Rhode Island |
|---|---|---|---|---|
| Rhode Island | $150 | $50 | $350 | — |
| Connecticut | $120 | $80 | $350 | Same |
| Massachusetts | $500 | $500 | $1,150 | +$800 |
Frequently Asked Questions: Rhode Island LLC
How much does it cost to start an LLC in Rhode Island?
The state filing fee for an LLC in Rhode Island is $150. Including a registered agent service (~$150/yr) and any annual report fees ($50), expect total first-year costs of approximately $350.
How long does it take to form an LLC in Rhode Island?
Standard processing in Rhode Island takes 5-7 business days. Expedited processing is available for an additional $50 and takes 24 hours.
Does Rhode Island require a registered agent?
Yes, Rhode Island requires all LLCs to maintain a registered agent with a physical address in the state. Professional registered agent services typically cost $150/year.
What are the annual costs of an LLC in Rhode Island?
Annual LLC costs in Rhode Island include the annual report/franchise tax fee of $50 and registered agent fees of approximately $150/year, for a total of about $200 per year after formation.
Can I be my own registered agent in Rhode Island?
Yes, you can serve as your own registered agent in Rhode Island as long as you have a physical street address in the state and are available during business hours to accept legal documents.