How To Start A Business In Rhode Island

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How to Start a Business In Rhode Island

When starting a business in the state of Rhode Island you will need to complete a few important steps in order to become a legal business.
Getting started- Rhode Island has a few links about how to start a business here:  http://sos.ri.gov/divisions/Business-Portal/Start-Or-Qualify-A-Business and  https://www.ri.gov/SOS/quickstart/wizard/business_types/wizard/4d5de299d38b76b0a32a883e0e1dbf91ed0c5a39/822272d7cc25d537c7d8409f08c0a532c777db2e

  1. Register your business name.

You can register your assumed name with your local government office.  Find out more about choosing a name here:  http://sos.ri.gov/divisions/Business-Portal/Start-Or-Qualify-A-Business/Name-Availability

If you need help choosing a business name: 12 Tips to Help Choose a Business Name

  1. Select a business structure.

Sole-proprietor, LLC, Partnership, Corporation, etc.  Find out more here:  http://sos.ri.gov/assets/downloads/documents/business-structure-chart.pdf

  1.  Register your business.

You can register your new business with the state of Rhode Island here:  https://www.ri.gov/taxation/BAR/

  1. Open a Business Checking Account.

You will need to open a separate bank account for your business with your new business name.

  1. Find out about taxes and hire an accountant.

You may want to have an accountant do the work. More info about taxes here: http://www.tax.state.ri.us/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business

  1.  Get Liability Insurance.

You may want to consider liability insurance depending on what type of services you will offer.