The cost to start an LLC online in Rhode Island is $150. This fee is paid to the Rhode Island Department of State when filing the LLC’s Articles of Organization. Operating an LLC in Rhode Island comes with ongoing costs:
- Annual Report filing fee ($50)
- Resident Agent Fee (no required fee unless you hire a professional service)
Additional LLC Expenses
To calculate total LLC costs in Rhode Island, consider basic and ancillary expenses like:
- LLC Name Reservation ($50)
- "Doing Business As (DBA)" Name ($50)
Additional services may be needed, and evaluating their necessity is important.
Benefits and Planning
Benefits an LLC provides include:
- Charting your own course as an entrepreneur and self-starter
- Protecting personal assets
- Tax choices benefiting your bottom line
Knowing the costs involved in setting up and maintaining an LLC helps plan your budget and determine if this business structure fits your company’s goals and needs. Make informed decisions to unleash your Rhode Island LLC’s full potential and achieve success.