Source: https://incparadise.net/rhode-island/incorporate-in-rhode-island/
Timestamp: 2019-04-25 09:51:04+00:00

Document:
A report by Forbes ranks Rhode Island #43 in their list of “Best States for Business” and has a Gross State Product of $63 billion. Forbes ranks its economic climate at 36 and is ranked #32 in the 2016 Economic Index. The good news for those who want to set up company in Rhode Island is that the state has made a few significant changes in the business tax law in order to improve its business and tax climate. One of the salient aspects of such a change is that the corporate income tax rate has been decreased from 9% in 2014 to 7% in 2015. Apart from this, several business incentives have also been implemented to aid in the overall growth and support for small and medium enterprises.
Why Choose Rhode Island for Incorporation?
There was a time when manufacturing was one of the key economic drivers but today the economic health of Rhode Island is driven by multiple industries including manufacturing, financial services, fishing, hospitality, and agriculture. These are the industries where incorporation in Rhode Island is taking place. The annual growth rate have jumped from 0.2% in 2016 to 3.5% in 2017, the latter being faster than the overall growth rate of the nation at 3.4%.
How do you incorporate in Rhode Island?
Naming Requirements: A corporation under 2005 Rhode Island Code – § 7-1.2-401 and an LLC under RI Gen L § 7-16-9 (2013) should contain words like “corporation”, “incorporated”, “limited liability company” or abbreviations like “corp.”, “inc.”, “ltd.”, “L.L.C.” or similar abbreviation.
Name Reservation: Once you have identified business entity name, and if the name is available then you can reserve the name pursuant to 2005 Rhode Island Code – § 7-1.2-403 for business corporations and RI Gen L § 7-16-10 (2013) for LLC’s. You can reserve the name with the secretary of state for a non-renewable period of 120 days.
A foreign business entity will have to register their business name pursuant to 2005 Rhode Island Code – § 7-1.2-404.
Whether you form a corporation or an LLC business entity, in order to transact business in the state of Rhode Island, you will have to maintain a registered agent pursuant to RI Gen L § 7-16-11 (2013) for LLC and 2005 Rhode Island Code – § 7-1.2-501 for Business Corporations.
We are one of the respected registered agents in Rhode Island and will be responsible towards initiating incorporation in Rhode Island through processing of your “Articles of Organization”, and “Articles of Incorporation” for domestic entities and “Application for Registration” and “Certificate of Authority” for foreign business entities.
You will be required to file “Articles of Incorporation” pursuant to pursuant to RI Gen Laws § 7-1.2-202 (2005), if your business is a domestic corporation. You will have to file a “Certificate of Authority” pursuant to RI Gen Laws § 7-1.2-1405 (2005), if it is a foreign business entity. In order to streamline the process of incorporation in Rhode Island, we can file documents on your behalf through the online process or through expedited process.
As a part of the process of company incorporation in Rhode Island, we will ensure, you receive date-stamped and filed copies that verifies the state has filed as well as formed your corporation.
What would it cost to set up company in Rhode Island? Check Fees here!

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