Setting Up Rhode Island Llc

Summary

To set up an LLC in Rhode Island with a revocable trust as the sole member, you need Articles of Organization, Operating Agreement, Trust Agreement, EIN, and registered agent information. The Trust Agreement is an internal document outlining trustee and beneficiary details, asset management, and distribution guidelines. It designates the trust as a member of the LLC. The Operating Agreement includes the LLCs name, trust information, management structure, voting rights, profit distribution, and dissolution procedures. These documents are generally internal and not filed with the state. For specific forms and instructions, consult the Rhode Island Secretary of State.

Full Conversation

My name is Dick. Please answer the same question for Rhode Island.
To set up a basic LLC with an existing revocable trust as the sole member in Rhode Island, you'll generally need:
- Articles of Organization
- Operating Agreement
- Trust Agreement (to show the trust as the member)
- EIN from the IRS
- Registered Agent information
Would you like more details on any of these documents?
Can you give me an actual Rhode Island example of an LLC Articles of Organization for a revocable trust as sole member?
To set up an LLC in Rhode Island with a revocable trust as the sole member, you would need to complete the Articles of Organization form provided by the Rhode Island Secretary of State. Unfortunately, I can't provide an actual example, but here's what you generally need to include:
- LLC Name: The legal name of your LLC.
- Principal Office Address: The main address where the business operates.
- Resident Agent: The name and address of the resident agent in Rhode Island.
- Management Structure: Whether the LLC is member-managed or manager-managed.
- Duration: The duration of the LLC, if not perpetual.
- Trust Information: Details of the trust, such as its name and the trustee acting as the member.
You can obtain a form and more specific instructions from the Rhode Island Secretary of State website or office.
What is in the Trust Agreement? Is that an internal document or does it need to be filed?
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A Trust Agreement typically includes:
- Trustee and beneficiary information
- Trust terms and conditions
- Asset management instructions
- Distribution guidelines
It is generally an internal document and not required to be filed with the state. Would you like more information on how a Trust Agreement interacts with an LLC in Virginia?
How does a Trust Agreement interact with an LLC in Rhode Island?
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A Trust Agreement interacts with an LLC in Rhode Island by designating the trust as a member of the LLC, usually through the trustee. The Trust Agreement itself outlines how the trust's assets, including its LLC membership interest, are managed and distributed. It's an internal document and typically not filed with the state. If you need more details, let me know!
What is in the Operating Agreement of a Rhode Island LLC with an existing revocable trust as the sold member?
Case Rating: *
An Operating Agreement for a Rhode Island LLC with an existing revocable trust as the sole member typically includes:
- LLC's name and address
- Trust's information as the sole member
- Management structure (member-managed or manager-managed)
- Voting rights and responsibilities
- Profit and loss distribution
- Procedures for adding or removing members
- Dissolution procedures
This document is internal and not filed with the state. Let me know if you need more details!