Form a Rhode Island Corporation – Form a corporation in Rhode Island – Form a Rhode Island S corp

Sun Corporate Filings can help you form a Rhode Island corporation with the Rhode Island Secretary of State on an expedited basis. To form a corporation in Rhode Island or form a Rhode Island subchapter S corporation, you must file the Rhode Island Articles of Incorporation with the Rhode Island Secretary of State. Sun can incorporate your Rhode Island S corporation or register your C corporation in Rhode Island so you can spend your time focusing on your Rhode Island corporation's success.

We can form a Rhode Island general stock corporation or a Rhode Island Subchapter (Rhode Island S Corp.) corporation for you at a low cost. Let us make the Rhode Island incorporation process quick and painless for you by preparing and filing the Rhode Island Articles of Incorporation with the Rhode Island Secretary of State on your behalf.

To form a Rhode Island corporation online, click here to see the costs and time turnaround options for Rhode Island corporations.

How do I form a Rhode Island Corporation?

There is no need to ask, "How do I form a Rhode Island Corporation?" because we know how to incorporate in Rhode Island form start to finish. First, we check corporate name availability with the Rhode Island Secretary of State. Second, we prepare the Rhode Island Articles of Incorporation. Third, before we form the Rhode Island corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Rhode Island Secretary of State. Fifth, when the Rhode Island Secretary of State files the Rhode Island Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Rhode Island simple and fast!

What are the advantages of forming a Rhode Island Corporation?

There are many advantages of forming a Rhode Island corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Rhode Island corporation form purchasing stock. Since the Rhode Island corporation is an independent legal entity, the Rhode Island corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Rhode Island corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Rhode Island corporation. Ownership in a Rhode Island corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Rhode Island corporation itself. Another advantage of forming a Rhode Island corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Rhode Island Corporation?

After we form a Rhode Island corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Rhode Island corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Rhode Island corporation. If you purchase our Rhode Island premium package, EIN obtainment is included for your Rhode Island corporation.

How do I form a Rhode Island S Corporation?

If you want to form a Rhode Island S corporation or Rhode Island sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Rhode Island S corporation starts as a general stock corporation (C corporation). To obtain or to form a Rhode Island S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Rhode Island S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Rhode Island C corporations below. By obtaining S corporation status in Rhode Island, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Rhode Island S corporation's shareholders include their share of the Rhode Island Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Rhode Island?

Generally most people form Rhode Island C corporations that plan on publicly trading the corporation's stock. Since Rhode Island S corporations cannot have more than 75 shareholders, choosing to maintain a Rhode Island C corporation allows for 76 shareholders or more. A Rhode Island C corporation can have multiple classes of stock such as preferred and common shares. A Rhode Island C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Rhode Island S corporations desirable. However, a Rhode Island S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Rhode Island corporation online, click here to see the costs and time turnaround options for Rhode Island corporations.

How do I obtain or prepare corporate bylaws for my Rhode Island Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Rhode Island corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Rhode Island corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Rhode Island corporation?

The corporate bylaws serve as a blueprint for your Rhode Island corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Rhode Island bylaws contain the number of directors and their names. Rhode Island bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Rhode Island corporation bylaws is to create "rules" on how the Rhode Island corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Rhode Island bylaws will reference a list of shareholders in alphabetical order that includes Rhode Island shareholder's names, addresses, titles held with the Rhode Island corporation, and the amount of shares the shareholder owns in the Rhode Island corporation.

What is a Rhode Island corporate seal?

After the Rhode Island corporation prepares its bylaws or has Sun prepare the bylaws, the Rhode Island corporation will need a corporate seal. What is a Rhode Island corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Rhode Island corporation was formed. Many banks and other lending institutes require Rhode Island corporations to possess and use a corporation seal on business documents or loan papers. All Rhode Island corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Rhode Island corporation kit?

The Rhode Island corporate kit is typically a hardbound binder that contains all of the Rhode Island corporation's important documents such as the Rhode Island Articles of Incorporation and bylaws. All the Rhode Island corporation kits that Sun sells include having the Rhode Island corporation's name hot stamped (professional imprint of the Rhode Island corporation's name) on the spine. Most Rhode Island corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Rhode Island corporate kit is stock certificates. All of the Rhode Island corporate kits that Sun sells contain 20 custom stock certificates that include the Rhode Island corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Rhode Island corporation, you can order a Rhode Island corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Rhode Island corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Rhode Island bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Rhode Island corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Rhode Island corporation.

To form a Rhode Island corporation online, click here to see the costs and time turnaround options for Rhode Island corporations.

We wish you the best with your Rhode Island corporation business venture! Questions? 888 595-2747