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
- After Forming Rhode Island Foreign LLC
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.
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:
Step 3: File Registration of Rhode Island Foreign LLC
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.
It can cost a lot of money to register a foreign LLC in Rhode Island. But it’s not impossible if you know what you’re doing. You can use an affordable formation service to save on the costs and get your business started. A Registered Agent Service can also help you navigate through the process.
Whether you choose to form your foreign LLC yourself or hire a formation company, the state has specific requirements you must meet. The cost of the registration is typically $150, and you will have to pay a filing fee as well. Plus, your company will need to pay federal and state taxes. If you’re planning to hire employees, you’ll need to get an Employer Identification Number (EIN).
During your initial period, you’ll need to notify the state about your business. You can do this online, by mail, or by telephone. During this time, you’ll need to provide a Certificate of Good Standing. This will inform the state that your company is compliant with the laws of the state, and that you’ve paid any dues or fees.
After your foreign LLC has been formed and registered with the state, you’ll need to file annual reports. These reports are usually due in September or November, depending on when you formed your company. There’s a special annual report for LLCs, which can be filed online or by mail.
Depending on your business, you may need to apply for professional licenses or permits from the state or the federal government. You’ll also need to obtain an employer identification number, which you can get free from the Internal Revenue Service. Also, you’ll need to register with the Rhode Island Division of Taxation. In addition, you’ll need to pay payroll and sales taxes.
Once your foreign LLC is registered in Rhode Island, you’ll need to file an annual report. The annual report is required for every corporation with 75 million or more shares and for every LLC with at least one member. For foreign LLCs, you can file your annual report online, by mail, or by telephone.
To avoid being sued, it’s best to use a name that isn’t already in use by another business. That’s why it’s so important to reserve your name. Your name will be valid for 120 days, and you can use the state’s Business Entity Search to find out whether it’s already in use. Alternatively, you can reserve a domain name. Having a memorable web address is a must for any new business, and a domain name can help you create a website.
While the steps for registering a foreign LLC in Rhode Island are straightforward, there are some factors you should be aware of. The most important of these is ensuring that your LLC’s name isn’t already in use by another organization. You’ll also need to ensure that your company has a professional Registered Agent. Many business owners prefer to have a service do this for them.
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.
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.