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Incorporation >> Incorporation in US States
Rhode Island has had a long rich history in agriculture, manufacturing and the service industry. This has given the state valuable experience in handling both large and small corporations and meeting their needs with respect to incorporation. To encourage the continued influx of businesses, the state offers incorporated companies’ limited liability protection, perpetual existence, preferential tax breaks, protection of their company name and monitored government support.
The processing time and the number of shares distributed by the company influence the cost of filing in Rhode Island. Basic processing time for articles of incorporation is 3 to 5 weeks at a cost of $230. Express services take 1 to 5 working days at an additional cost.
The incorporation process entails choosing a name for the organization. The name must distinguish itself from all others previously recorded in the state. It must have the word 'Company,' 'corporation,' 'limited,' or 'incorporation' or its abbreviated form that declares the status of the company.
Next, the organization appoints an agent. This agent represents the company in all communications with the Rhode Island Secretary of State. They must be available within the state at the request of the government at any time during office hours.
The final process involves filing the application forms. On these forms one must declare the company’s name, address and share distribution. The applications require that all contact details for the agent and list of the directors be provided.
Rhode Island Incorporation
Rhode Island has had a long rich history in agriculture, manufacturing and the service industry. This has given the state valuable experience in handling both large and small corporations and meeting their needs with respect to incorporation. To encourage the continued influx of businesses, the state offers incorporated companies’ limited liability protection, perpetual existence, preferential tax breaks, protection of their company name and monitored government support.
Rhode Island Incorporation Process
Applicants have three ways in which to incorporate their business. First by a walk-in to offices provided by the state to be assisted by trained clerks, secondly hire the services of an independent contractor or by the internet and third by soliciting the services of an attorney able to complete the incorporation papers for you. All of these services come at a cost and increase in amount according to their listing.The processing time and the number of shares distributed by the company influence the cost of filing in Rhode Island. Basic processing time for articles of incorporation is 3 to 5 weeks at a cost of $230. Express services take 1 to 5 working days at an additional cost.
The incorporation process entails choosing a name for the organization. The name must distinguish itself from all others previously recorded in the state. It must have the word 'Company,' 'corporation,' 'limited,' or 'incorporation' or its abbreviated form that declares the status of the company.
Next, the organization appoints an agent. This agent represents the company in all communications with the Rhode Island Secretary of State. They must be available within the state at the request of the government at any time during office hours.
The final process involves filing the application forms. On these forms one must declare the company’s name, address and share distribution. The applications require that all contact details for the agent and list of the directors be provided.
