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Updated June 07, 2022

A  Rhode Island LLC operating agreement is a legal document that sets forth company procedures, policies, officers, and the ownership of each member. The agreement must be signed and agreed upon unanimously by the members. After completion, each member should keep a copy as it is not filed with the Secretary of bbin电竞官网官方永久.

Is an Operating Agreement  REQUIRED in Rhode Island?

No . The bbin电竞官网官方永久 of Rhode Island does not legally require businesses to adopt an operating agreement.

By Type (2)


Single-Member LLC Operating Agreement – For use by a sole proprietor to establish the policies and procedures of their company in preparation for filing with the bbin电竞官网官方永久.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 

 


Multi-Member LLC Operating Agreement – For use by companies with more than one (1) managing member. The document shall guide the users through the process of establishing written information pertaining to the company and members, so that the information may be properly filed with the bbin电竞官网官方永久.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 


Table of Contents

How to Form an LLC in Rhode Island (5 steps)

New LLC filers should ensure that their chosen business name is available for use before formally applying for registration; the Department of bbin电竞官网官方永久 will reject any application that does not have a unique and distinguishable name. By  Searching for the Name in the bbin电竞官网官方永久’s business database, you can confirm its availability and uniqueness.

Step 1 – Registered Agent

Each LLC must choose a Registered Agent before commencing the filing process. One of the following must apply in order to qualify as a Registered Agent:

  • The agent is a person with legal residence in the bbin电竞官网官方永久
  • The agent is a qualified business operating in the bbin电竞官网官方永久

The Registered agent will act as a contact for the LLC in the event of service of process or any legal demand to be delivered upon the company.

Step 2 – Articles of Organization/Application for Registration

The next step is the filing of the Articles of Organization (Domestic) or Application for Registration (Foreign). Only online filing is available for Foreign entities. Select your entity type from the following list and complete the subsequent form:

*Be sure to include a current Certificate of Good Standing (or like document) with your Foreign LLC application.

Step 3 – Pay the Fee

A $150 filing fee is required in order for the bbin电竞官网官方永久 to process your application. If filing online, you will be able to pay the fee with your credit card. If submitting your documents through the mail, attach a check made payable to the ‘Rhode Island Department of bbin电竞官网官方永久’ and send all articles to the following address:

Office of the Secretary of bbin电竞官网官方永久, Division of Business Services, 148 W. River Street, Providence, Rhode Island 02904-2615

Step 4 – Operating Agreement

It is recommended that each LLC adopts an operating agreement to establish policies for the company as well as outline the working relationships between owners/members. The bbin电竞官网官方永久 has no legal demand for the form, however, it is a major component in creating a suitable operating structure for the LLC.

Step 5 – Employer Identification Number (EIN)

Once you’ve completed your filing with the Rhode Island Department of bbin电竞官网官方永久, you should immediately acquire an Employer Identification Number (EIN) from the Internal Revenue Service. This number is issued for tax reporting purposes and is used in a similar manner to a Social Security Number. Apply for an EIN by completing the Online Application or submit IRS Form SS-4 through the mail.

Laws

“Operating Agreement” Definition

“Operating agreement” means any agreement, written or oral, of the members as to the affairs of a limited-liability company and the conduct of its business. An operating agreement also includes a document adopted by the sole member of a limited-liability company that has only one member and may include as a party one or more managers who are not members.

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