Rhode Island General Laws
Chapter 7-16 - The Rhode Island Limited-Liability Company Act
Section 7-16-66. - Annual report of domestic and foreign limited-liability companies.

§ 7-16-66. Annual report of domestic and foreign limited-liability companies.
(a) Each domestic limited-liability company and each foreign limited-liability company authorized to transact business in this state, shall file, between the first day of February and the first day of May in each year following the calendar year in which its original articles of organization or application for registration were filed with the secretary of state, an annual report setting forth:
(1) The name and address of the principal office of the limited-liability company;
(2) The state or other jurisdiction under the laws of which it is formed;
(3) [Deleted by P.L. 2021, ch. 137, §  3 and P.L. 2021, ch. 138, § 3.]
(4) The current mailing address of the limited-liability company and the name or title of a person to whom communications may be directed;
(5) A brief statement of the character of the business in which the limited-liability company is actually engaged in this state; and
(6) Any additional information required by the secretary of state.
(7) [Deleted by P.L. 2021, ch. 137, § 3 and P.L. 2021, ch. 138, § 3.]
(b) The information in the annual report shall be given as of the date of the execution of the report. It shall be executed by an authorized person of the domestic limited-liability company and by a person with authority to do so under the laws of the state or other jurisdiction of organization of a foreign limited-liability company. Proof to the satisfaction of the secretary of state that prior to May 1 the report was deposited in the United States mail in a sealed envelope, properly addressed, with postage prepaid, is deemed to be timely filed.
(c) If the secretary of state finds that the annual report conforms to the requirements of this chapter, the secretary of state shall file the report. If the secretary of state finds that it does not conform, the secretary of state shall promptly return the report to the limited-liability company for any necessary corrections, in which event the penalties subsequently prescribed for failure to file the report within the time previously provided do not apply if the report is corrected to conform to the requirements of this chapter and returned to the secretary of state within thirty (30) days from the date on which it was mailed to the limited-liability company by the secretary of state.
(d) Each limited-liability company, domestic or foreign, that fails or refuses to file its annual report for any year within thirty (30) days after the time prescribed by this chapter is subject to a penalty of twenty-five dollars ($25.00) per year.
History of Section.P.L. 1992, ch. 280, § 1; P.L. 1993, ch. 171, § 1; P.L. 1993, ch. 240, § 1; P.L. 1997, ch. 188, § 5; P.L. 2007, ch. 97, § 1; P.L. 2007, ch. 108, § 1; P.L. 2021, ch. 137, § 3, effective January 1, 2022; P.L. 2021, ch. 138, § 3, effective January 1, 2022.

Structure Rhode Island General Laws

Rhode Island General Laws

Title 7 - Corporations, Associations and Partnerships

Chapter 7-16 - The Rhode Island Limited-Liability Company Act

Section 7-16-1. - Short title.

Section 7-16-2. - Definitions.

Section 7-16-3. - Purpose and duration.

Section 7-16-3.1. - Professional services.

Section 7-16-3.2. - Liability in rendering professional services.

Section 7-16-3.3. - Insurance or financial responsibility of limited-liability company.

Section 7-16-4. - Powers.

Section 7-16-5. - Formation.

Section 7-16-5.1. - Conversion of certain entities to a limited-liability company.

Section 7-16-5.2. - Approval of conversion of a limited-liability company.

Section 7-16-5.3, 7-16-5.4. - [Repealed.]

Section 7-16-6. - Articles of organization.

Section 7-16-7. - Execution of articles.

Section 7-16-8. - Filing.

Section 7-16-9. - Name — Fictitious business names.

Section 7-16-10. - Reservation of name — Transfer of reserved name.

Section 7-16-11. - Resident agent.

Section 7-16-12. - Amendment and restatement of articles of organization.

Section 7-16-13. - Certificates of correction.

Section 7-16-14. - Management by members.

Section 7-16-15. - Managers.

Section 7-16-16. - Election and removal of managers.

Section 7-16-17. - Duties of managers.

Section 7-16-18. - Limitation of liability of managers.

Section 7-16-19. - Action by managers.

Section 7-16-20. - Agency power of managers.

Section 7-16-21. - Voting rights of members.

Section 7-16-22. - Records and information.

Section 7-16-23. - Liability of members and managers.

Section 7-16-24. - Contributions to capital.

Section 7-16-25. - Liability for contribution.

Section 7-16-26. - Sharing of profits and losses.

Section 7-16-27. - Sharing of distributions.

Section 7-16-28. - Interim distributions.

Section 7-16-29. - Distributions upon withdrawal.

Section 7-16-30. - Distribution in kind.

Section 7-16-31. - Restrictions on making distributions.

Section 7-16-32. - Liability upon wrongful distribution.

Section 7-16-33. - Right to distribution.

Section 7-16-34. - Nature of membership interest.

Section 7-16-35. - Assignment of membership interest.

Section 7-16-36. - Right of assignee to become a member.

Section 7-16-37. - Rights of judgment creditor.

Section 7-16-38. - Powers of estate of a member.

Section 7-16-39. - Dissolution.

Section 7-16-40. - Judicial dissolution.

Section 7-16-41. - Revocation of certificate of organization or certificate of registration.

Section 7-16-42. - Issuance of certificates of revocation.

Section 7-16-43. - Withdrawal of certificate of revocation.

Section 7-16-44. - Appeal from revocation of certificate of organization.

Section 7-16-45. - Winding up.

Section 7-16-46. - Distribution of assets.

Section 7-16-47. - Articles of dissolution.

Section 7-16-48. - Law governing foreign limited-liability companies.

Section 7-16-49. - Registration of foreign limited-liability company.

Section 7-16-50. - Issuance of registration of foreign limited-liability company.

Section 7-16-50.1. - Service of process on foreign limited-liability company.

Section 7-16-51. - Name registration by foreign limited-liability company.

Section 7-16-52. - Amendments to registration of foreign limited-liability company.

Section 7-16-52.1. - Foreign application for transfer of authority.

Section 7-16-53. - Cancellation of registration of foreign limited-liability company.

Section 7-16-54. - Transaction of business by foreign limited-liability company without registration.

Section 7-16-55. - Action to restrain foreign limited-liability company.

Section 7-16-56. - Right of member to bring derivative action.

Section 7-16-57. - Pleading in derivative action.

Section 7-16-58. - Expenses in derivative action.

Section 7-16-59. - Merger or consolidation.

Section 7-16-60. - Plan of merger or consolidation.

Section 7-16-61. - Approval of merger or consolidation.

Section 7-16-62. - Articles of merger or consolidation.

Section 7-16-63. - Effects of merger or consolidation.

Section 7-16-64. - Merger or consolidation with foreign entity.

Section 7-16-65. - Filing, service, and copying fees.

Section 7-16-66. - Annual report of domestic and foreign limited-liability companies.

Section 7-16-67. - Filing of returns with the tax administrator — Annual charge.

Section 7-16-67.1. - Revocation of articles or authority to transact business for nonpayment of fee.

Section 7-16-68. - Limited-liability company property.

Section 7-16-69. - Certificates and certified copies to be received in evidence.

Section 7-16-70. - Parties to actions.

Section 7-16-71. - Unauthorized assumption of powers.

Section 7-16-72. - Severability.

Section 7-16-73. - Construction with other laws.

Section 7-16-74. - Forms to be furnished by secretary of state.

Section 7-16-75. - Reservation of power.

Section 7-16-76. - Low-profit limited-liability company.