Rhode Island Corporation Requirements

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 C corporation or S corporation 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.
  • Expedited turn-around. You will see the BizFilings and state fee, if any, for expedited turn-around.
  • Certified copy. Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.

Incorporate in Rhode Island

Corporate Name

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.

Director information

The following are Rhode Island’s requirements for directors of corporations:

  • Minimum number. Corporations must have one or more directors.
  • Residence requirements. Rhode Island does not have a provision specifying where directors must reside.
  • Age requirements. 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:

  • Officers. Officer names and addresses are not required to be listed in the Articles of Incorporation.
  • Stock. 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.
  • Registered agent. Corporations must list the name and address of a registered agent 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.
Rhode Island Registered Agent Service

Professional services businesses

Rhode Island allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).

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.

Corporate records

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.
  • Taxes. For complete details on other state taxes for Rhode Island corporations, visit Business Owner's Toolkit or the State of Rhode Island .
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Rhode Island does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Rhode Island recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Rhode Island information

View the following additional resources BizFilings has for forming and maintaining companies in Rhode Island:

State Guides

The state in which you form your company can provide certain benefits.

Please select both a state and a topic.

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