annual cost of an llc in ri
If the LLC is treated as a partnership for purposes of Federal income taxation, it shall pay as an annual charge a fee in an amount equal to the minimum tax imposed upon a corporation under section 44-11-2(e). How to file your Rhode Island Division of Business Services Annual Report: For RI nonprofits, corps, PCs, LLCs, L3Cs (Low-Profit LLC) and PLLCs, there are two options for filing your Rhode Island Annual Report. File online. Simply click on “File Corporate Annual Reports” under the Online Filings column at the Rhode Island business website. See the link below. 1 There is a minimum Rhode Island fee due to the Division of Taxation for each limited liability company in the amount of $500.00 per year.  Each year, a limited liability company must file an Annual Report. Currently, a fee of $50.00 is payable with each Annual Report. An annual charge shall be due upon the filing of the LLC's return with the Division of Taxation. The charge shall be determined as follows: a. If the LLC is treated as a corporation for purposes of Federal income taxation, it shall pay as an annual charge the taxes as provided in Chapters 11 and 12 of Title 44. The cost of living in Rhode Island (RI) is higher than the nationwide average. The average yearly pay in Rhode Island is $47,732.00, which is lower than the U.S. average annual salary by $2,076.00. The consumer price index (CPI) of 247 in Rhode Island is 6.01% higher than the U.S. city average CPI of 233. The sales tax is 7.00%. Number is required in order to file the Rhode Island Division of Taxation Pass-Through Income Tax Return and would be necessary if the company has any employees. There is a minimum Rhode Island fee due to the Division of Taxation for each limited liability company in the amount of $500.00 per year. How to file your Rhode Island Division of Business Services Annual Report: For RI nonprofits, corps, PCs, LLCs, L3Cs (Low-Profit LLC) and PLLCs, there are two options for filing your Rhode Island Annual Report. They are: File online. Simply click on “File Corporate Annual Reports” under the Online Filings column at the Rhode Island business website. See the link below. If the LLC is formed by one person and is treated as a sole proprietorship for purposes of Federal income taxation, it shall pay as an annual charge a fee in an amount equal to the minimum tax imposed upon a corporation under section 44-11-2(e). STATE FRANCHISE OR. ENTITY TAX. TAX RETURNS ANNUAL REPORT FILING FEES. Alabama Alabama does not. require LLCs to pay. a tax based on net. income unless they. have elected to be. 1 Draft and file with the Rhode Island Secretary of State the Articles of Organization of the limited liability company. The current filing fee is $150.00 payable to the Rhode Island Secretary of State.  Prepare an Operating Agreement which will establish the rules for management of the limited liability company.
$500.00