A. File Artcles of incorporation for Rhode Island Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Rhode Island Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Rhode Island. Click here for a free quote on our Rhode Island business incorporation services.
B. Corporation Filings for Your New Rhode Island Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Rhode Island, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Rhode Island to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Rhode Island S-Corporation Election form
Rhode Island does not require s-corporations file a separate s-corporation election form with the state.
C. Get Your Rhode Island Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Rhode Island.
1. Register with the Division of Taxation
2. Complete the Master Business Application
You should download the Master Business Application form at
http://www2.sec.state.ri.us/faststart/. The Master Application is a single point of entry for new business owners to obtain, submit and pay for state license and permit applications..
3. State Business Corporation Tax
Rhode Island corporations and LLCs must pay a state business corporation tax, which is due on the 15
th day of the third month following the close of the entity’s fiscal year (usually March 15
th). The minimum fee is $250. The Rhode Island Division of Taxation will send the application forms to you prior to the due date. If you have questions, call 401-222-1120 or log on to
www.tax.state.ri.us.
4. Annual Reports
Corporations must file an annual report each calendar year between January 1 and March 1, beginning in the year following the year of incorporation. The fee is $50. The form will be mailed to the Registered Agent prior to its due date.
Surely, the list above is not everything you will need to do once you incorporate a business in Rhode Island. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Rhode Island, we’d love to help.
