Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Rhode Island incorporation.
Cost to incorporate in Rhode Island
At BizFilings, we clearly outline our fees and the state fees to form a Rhode Island corporation. View our pricing to incorporate as a
to plainly see:
BizFilings’ package prices.
BizFilings offers three incorporation service packages from which you can choose.
State fee for standard turn-around.
Our pricing clearly shows the state fee to incorporate in Rhode Island with standard turn-around.
You will see the BizFilings and state fee, if any, for expedited turn-around.
Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.
The name must contain either the word or abbreviation of "Corporation," "Company," "Incorporated" or "Limited." The name must not be deceptively similar to that of any domestic or foreign corporation, limited partnership or foreign limited partnership authorized to do business in the state or to any reserved or registered name unless written consent is obtained from the holder of such name. It may not contain any word implying the corporation was formed for a purpose for which it is not organized.
The following are Rhode Island’s requirements for directors of corporations:
Corporations must have one or more directors.
Rhode Island does not have a provision specifying where directors must reside.
Rhode Island does not have age requirements.
Inclusion in the Articles of Incorporation.
Director names and addresses are not required to be listed in the Articles of Incorporation.
Requirements for the Articles of Incorporation
The document required to form a corporation in Rhode Island is called the Articles of Incorporation. The information required in the formation document varies by state. Rhode Island's requirements include:
Officer names and addresses are not required to be listed in the Articles of Incorporation.
Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value can affect initial filing fees.
Corporations must list the name and address of a
with a physical address (no post office boxes) in Rhode Island. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Rhode Island corporations.
Rhode Island corporations must keep the following items with their corporate records at the principal place of business or registered office:
Complete and correct books and records of account
Minutes of the proceedings of the shareholders, directors and committees of the board of directors
A list of shareholders, with their names and addresses, including the number and class of shares held by each
Corporate taxes and fees
The following are taxation requirements and ongoing fees for Rhode Island corporations:
Annual report and franchise tax.
Rhode Island requires corporations to file an annual report by March 1. The filing fee is $50. There is also a franchise tax, due before the 15th day of the third month following the close of the corporation’s tax year. The amount due varies based on the number of authorized shares of stock, but the minimum is $250.