Starting a Business in Rhode Island
LLC filing: $150 | Corp filing: $230 | Business-friendly score: 5.5/10
Business Environment at a Glance
5.5/10
Business-Friendly Score
3.75% - 5.99%
Income Tax
7%
State Sales Tax
$14.00
Minimum Wage
Business Filing Fees in Rhode Island
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $150 | One-time, filed with Secretary of State |
| LLC Annual Fee | $50 | Due annually to maintain good standing |
| Corporation Filing Fee | $230 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $50 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 3.75% - 5.99% |
| Corporate Tax Rate | 7% |
| State Sales Tax | 7% |
| Max Local Sales Tax | 0% |
| Minimum Wage | $14.00/hr |
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Rhode Island Special Requirements
- Annual report required with Secretary of State ($50)
- Rhode Island Sales Tax Permit required for retail businesses
- Temporary Disability Insurance (TDI) and Temporary Caregiver Insurance required
- Workers compensation required for all employers
Major Cities in Rhode Island
Browse Industries in Rhode Island
Start Your Business in Rhode Island
The state filing fee for an LLC in Rhode Island is $150. Licenses, insurance, equipment and rent usually cost far more: see the full picture for your business type and city.
Estimate your startup costs