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
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Start Your Business in Rhode Island
Form your LLC in Rhode Island for $150 online.
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