If you already have an LLC in another state and want a Rhode Island LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Rhode Island.
On this page, you’ll learn about the following:
Forming an Rhode Island Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Rhode Island, you need to register it with the Rhode Island Secretary of State.
Step 1: Choose Rhode Island Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Rhode Island Secretary of State. Your LLC’s legal name outside of Rhode Island will be listed on the application, along with the name it will use in Rhode Island. Take note of the requirements for naming your LLC.
Check name availability at Rhode Island’s business entity names and reserve your LLC name.
Step 2: Select Rhode Island Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Rhode Island and take note that a Rhode Island registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
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Step 3: File Registration of Rhode Island Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to [email protected] or by mail to Division of Business Services 148 W. River Street Providence, RI 02904.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Rhode Island
- Date when your LLC will start operations in Rhode Island.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Rhode Island, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Rhode Island Foreign LLC is taxed
Foreign LLCs are also subjected to the Rhode Island Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Rhode Island Foreign LLC Online
Time needed: 5 minutes.
To operate your foreign Business LLC in the State of Rhode Island, you must apply for a Certificate of Authority with the Rhode Island Secretary of State office. The filing fee for your registration application is $150. Once approved, you will receive a certified copy of your registration from the Secretary of State’s office. We have explained the aspects you need to cover when you apply for the Rhode Island Foreign LLC. Following are the steps to register a foreign LLC in Rhode Island online.
- Visit the Official website of the Rhode Island Secretary of State
Visit the Official website of the Rhode Island Secretary of State. The Business Services page includes a separate section for Foreign Businesses. Under this section, you can access different online services available for foreign business entity filings. On the given page, click on the second box, ‘Register your business in RI’.
- Download the Application form PDF
On the following page, you can learn about all the important aspects required while filing for a foreign LLC. Scroll down to Step 3: Register your business. Under this section, click on the link adjacent to the first option of Foreign Limited Liability Company. You can also access the Application for Registration of a foreign LLC here.
- Instructions & Requirements
After downloading the form, read all the instructions and requirements attached to the application form.
- Fill in the Application Form
Further, proceed to fill in the required details in the application form. The form should necessarily be typed on your system. An illegible document typed in ink will be rejected.
- Certificate of Good Standing
You must attach the Certificate of Good Standing/Letter of Status issued within 60 days of the registration application by the State of Original jurisdiction.
- Review Application Form
Review the overall application filled by you. All the details entered by you should be correct and accurate to your knowledge.
- Make a Payment
Issue a money order or check of $150 as the filing fee of your registration application is payable to the ‘RI Department of State’.
- Send your Application Form
Arrange all the documents together and mail or drop in-person to the following address: Division of Business Services 148 W. River Street, Providence, Rhode Island 02904-2615
After Forming Rhode Island Foreign LLC
Here are added things you need to accomplish after forming your Rhode Island Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Rhode Island.
How Much Does It Cost to Register a Foreign LLC in Rhode Island
To register as a foreign LLC in Rhode Island, you can file through mail by paying a filing fee of $150 to the Rhode Island Division of Business Services.
Setting up a foreign limited liability company (LLC) in Rhode Island is an attractive option for businesses looking to expand their operations in the United States. The Rhode Island LLC is a great way to establish a presence in the US, while enjoying the benefits of limited liability and the ability to operate in multiple states. The process of setting up a foreign LLC in Rhode Island is relatively straightforward, but there are certain costs associated with the process.
The first step in setting up a foreign LLC in Rhode Island is to obtain a Certificate of Authority from the Secretary of State. This document grants the LLC the authority to do business in Rhode Island and must be obtained before any other action can be taken. The filing fee for the Certificate of Authority is $250. Additionally, there is an annual franchise tax fee of $500 for foreign LLCs.
Once the Certificate of Authority has been obtained, the LLC must register with the Rhode Island Department of Labor and Training. This process requires the completion of a registration form and the payment of a $50 filing fee. The LLC must also register with the Rhode Island Department of Taxation in order to obtain a Tax Identification Number. This process requires the completion of a registration form and the payment of a $50 filing fee.
The LLC must also appoint a registered agent in Rhode Island. A registered agent is a person or business entity responsible for accepting legal documents on behalf of the LLC. The cost of appointing a registered agent can vary depending on the provider, but typically ranges from $50 to $500 per year.
It is also important for the LLC to obtain the appropriate licenses and permits from the state of Rhode Island. This process can vary depending on the type of business being conducted and the particular municipality in which it is being conducted. The cost of obtaining a license or permit can vary significantly, but typically ranges from $50 to $1,000.
Finally, the LLC should consider obtaining a business bank account in Rhode Island. The cost of opening a business bank account will vary depending on the financial institution, but typically ranges from $100 to $500.
In total, the cost of registering a foreign LLC in Rhode Island can range from $550 to $2,000. This cost includes the initial filing fee for the Certificate of Authority, the annual franchise tax fee, the registration fees with the Department of Labor and Training and the Department of Taxation, the cost of appointing a registered agent, the cost of obtaining licenses and permits, and the cost of opening a business bank account.
Overall, the cost of setting up a foreign LLC in Rhode Island can be a significant expense for businesses. However, the benefits of operating a business in the US can be well worth the cost. The LLC provides the benefits of limited liability and the ability to operate in multiple states, making it an attractive option for businesses looking to expand their operations in the US.
F.A.Qs
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Rhode Island.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Rhode Island as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
In Conclusion
Starting a foreign LLC in Rhode Island does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.