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Not every Rhode Island business needs a license. However, many types of businesses either can or must get one or more license or permits. Apart from certain professional and occupational licenses (see below), a business may need a license or permit for so-called commercial purposes or in order to sell certain items.
A person is presumed to be an independent contractor for purposes of Rhode Island's workers' compensation law if he or she has filed a written notice of designation as an independent contractor on form DWC-11-IC with the director of the Department of Labor and Training (RI Gen. Laws Sec. 28-29-17.1).
An independent contractor is not eligible for workers' compensation benefits.
All businesses need to register with a unique business name. If your name already exists in Rhode Island, you will need to conduct business under a different name. Check name availability by using the RI Department of State Corporate Database.
Not every Rhode Island business needs a license. However, many types of businesses either can or must get one or more license or permits. Apart from certain professional and occupational licenses (see below), a business may need a license or permit for so-called commercial purposes or in order to sell certain items.
Typically, doing business is defined by activities such as maintaining a physical office or having employees in the state. Rhode Island LLC and corporation law lists several activities that are not classified as transacting business in the state.
To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.
A Limited Liability Company (LLC) is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owner's tax return (a disregarded entity).
If you plan on selling anything as part of your new business, you will need to obtain a Permit to Make Sales at Retail to charge sales tax. The state tax rate is a set rate of 7% for the whole state regardless of where you are located in Rhode Island.
Doing business refers to the process of carrying on the normal activities of a business in another state on a regular basis or with substantial contacts not just an occasional shipment. If this is the case for your company, then you may need to foreign qualify within that state.