RHODE ISLAND
| | Name | Must contain words Incorporated, Corporation, Company, Inc., Corp., Co., Limited Liability Company or L.L.C. Fictitious name fee is $50. | | Information about Directors and Officers | Company must have at least one Director. No age or residence requirement. One director can hold all officer positions. It is not required to list Directors and Officers in the Articles of Incorporation. | | Requirements for address | Home address can be considered as company address. P.O. Box is not admissible. | | Registered Agent | Registered Agent is required if you do not live or have an office in Rhode Island. Otherwise, you can be your Own Registered Agent. | | Shares/Stock information | Authorize up to 8,000 shares of stock to incur the minimum $150 filing fee. An increase in the shares may cause an increase in the initial filing fee. | | Annual statement | Must be filed with the State between January 1 and March 1, except that the first annual report of a Corporation must be filed between January 1 and March 1 of the next year succeeding the calendar year in which its Certificates of Incorporation or Authority was issued. Filing fee of $50 must accompany report. | | State fees | $150 filing fee. | | Income tax rate | 9%of net income. Minimum tax, $250. | | Franchise tax | The franchise tax rate is $2.50 for each $10,000 of authorized stock with a minimum tax of $250. If your Corporation is liable for the business Corporation tax, you pay only on the amount by which the franchise tax exceeds the business Corporation tax. If your Corporation has not been engaged in any business activity within the State during the preceding taxable year you must pay the annual franchise tax based upon its authorized capital stock at the following rates: $250 where stock does not exceed $1,000,000, and $12.50 for each additional $1,000,000. | | S Corporations | Status is recognized by the State. Separate State election from the federal election is not required. | | License requirements | Most businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. | | Corporate records | The stock transfer ledger must be kept at the principal office of the Corporation. |
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For more information visit:
155.212.254.78/corporations.htm
www.corps.state.ri.us
www.rilin.state.ri.us