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Generally, the Rhode Island contract statute of limitations for breach of contract actions is ten (10) years, with the ten-year period starting to run when the breach of contract occurs.
Rhode Island law does not require an operating agreement, and does not require any such agreements to be in writing.
Starting an LLC in Rhode Island will include the following steps: #1: Name Your LLC. #2: Choose a Registered Agent. #3: File Your Articles of Organization. #4: Create an Operating Agreement. #5: Register to Pay Taxes.
Washington state doesn't legally require an LLC to adopt a written operating agreement. However, a written operating agreement is important for proving ownership and limited liability status. It can also help you resolve disputes.
Having an operating agreement in place will protect you from personal liability and the financial obligations of your organization, keep relationships with other members smooth and professional, and help guide your LCC from its starting point to success.
Rhode Island LLC Formation Filing Fee: $150 The primary cost when starting a Rhode Island LLC is the $150 fee ($152.50 online) to register your business with the Rhode Island Department of State' Business Division.
There is no Maryland state law requiring an LLC to have an operating agreement. However, if you don't have one, your LLC will be governed by Maryland's default LLC statutes, and you may run into difficulty if you need to prove your ownership of the LLC or if you face a lawsuit.