Add Pages Legal Rhode Island Startup for LLC Forms For Free

Maintain Your Business in Rhode Island File an Annual Report. Business Corporations and Limited Liability Companies must file an annual report with the RI Department of State. Maintain a Registered Agent/Office. Maintain a valid registered agent and registered office on file with the RI Department of State. Pay Taxes.

Simply put, establishing an LLC can protect your personal assets if your business is sued, and it allows the profits (or losses) of your business to be taxed at your personal tax rate.

The answer is yes--it is possible and permissible to operate multiple businesses under one umbrella LLC. Many entrepreneurs who opt to do this use what is called a "Fictitious Name Statement" or a "DBA" (also known as a "Doing Business As") to operate an additional business under a different name.

If you have formed an LLC but wish to conduct its business under a different name, you will need to formally register that name as a DBA, which is typically a simple process.

Business License vs Seller's Permit In most cases, you'll need a business license as one of the legal requirements for selling online. A seller's permit becomes necessary when your state requires sales tax collection.

You can register for a Rhode Island seller's permit online through the Rhode Island Division of Taxation. To apply, you'll need to provide the Rhode Island Division of Taxation with certain information about your business, including but not limited to: Business name, address, and contact information. Federal EIN number.

In Rhode Island, like in many other states, you don't need to obtain a general business license to operate within the state. Instead, your company might need to obtain a license specific to your location or business activities.

Etsy's seller policies do not require you to have a business license to sell on their platform. However, the inquiry doesn't end there. A seller of goods on Etsy may need a license or permit from municipal, county, state, or federal agencies regulating businesses. Your Etsy shop is either a business or a hobby.

We recommend applying for an EIN online if you have a SSN (Social Security Number) or ITIN (Individual Taxpayer Identification Number). This is the easiest filing method and it has the fastest approval time. Your EIN Number will be issued at the end of the online application, which takes about 15 minutes to complete.