
Rhode Island Corporation Form


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People also ask
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What is Rhode Island business corporation tax?
Corporations pay a 7% tax on all Rhode Island taxable income, with a minimum tax of $400. Although S corporations, limited liability partnerships, limited partnerships, and LLCs are generally considered pass-through entities, they're required to pay the $400 minimum tax as well.
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How do I start my own S-corp?
Choose a business name for your S corp. ... File articles of incorporation. ... Issue stock for your S corp. ... Elect a board of directors and appoint officers. ... Meet other S corp eligibility requirements. ... Obtain an employer identification number. ... Elect S corp status. ... Apply for state and local S corp business licenses.
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How to start an S Corp in Rhode Island?
How to Form an S Corp in Rhode Island Step 1 – Choose a name. Step 2 – Pick a registered agent. Step 3 – Name directors or managers. Step 4 – File RI Articles of Incorporation/Articles of Organization. Step 5 – Apply for S Corp status with IRS Form 2553.
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What is the minimum tax for an S-corp in Rhode Island?
Every business corporation, joint stock company or association exercising corporation functions or otherwise doing business in this state is required to file an annual tax return using Form RI-1120C and is subject to the income tax (minimum $400.00) under R.I. Gen. Laws § 44-11-2.
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What is the minimum income for an S-corp?
The IRS can't impose a minimum salary requirement, so don't fret if your business isn't earning enough yet to pay yourself a salary comparable to others in your field.
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How much does it cost to start an S-corp?
How much does it cost to start an S-Corp? Registering an S-corp requires paying state filing fees which can range from $40 to $500, depending on the state. States also typically require annual fees to maintain a corporation's status.
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Does Rhode Island accept federal extension for corporations?
Rhode Island automatically grants six-month extensions on filing corporate income tax returns with the submission of the RI-7004, Automatic Extension Request for RI-1120C, RI-1120S, and RI-1065 filers.
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