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Before you open your business, determine which of the numerous local, state and federal regulations apply to you. Avoid the temptation to ignore regulatory details. Doing so may save time in the short term, but could become an obstacle as your business grows.
Starting your new Newport business
Below is a list of the most common requirements that affect small / new businesses. The list is by no means exhaustive, as regulations vary by industry. Consult the list below for a solid start to meeting your regulatory requirements, and then carefully investigate the additional regulations that affect your industry.
Business OrganizationThere are many forms of legal structure you may choose for your business. The most common structures are Sole Proprietorships, General and Limited Partnerships, C and S Corporations, and Limited Liability Companies. Each legal structure offers organizational options, which are appropriate for different personal situations, and which affect tax and liability issues. We suggest you research each legal structure thoroughly, and consult a tax accountant and/or attorney prior to making your decision.
Newport Business Name Businesses that use a name other than the owner's must register the fictitious name with the county as required by the Trade Name Registration Act. Check for the appropriate name of the Trade Name Registration Act in your area. This does not apply to corporations doing business under their corporate name or to those practicing any profession under a partnership name.
Protecting Your Idea If applicable to your business, you may want to apply for trademarks, patents and your copyrights. Information regarding these applications is listed below.
Starting a business in Newport
Roger Williams and a group of religious followers founded the town of Providence in what is today known as Rhode Island after their banishment from the Massachusetts Bay Colony. Williams believed in the importance of liberty of conscience, which became an important principle in the founding of Rhode Island and ultimately in the founding of the United States. Officially called "The State of Rhode Island and Providence Plantations," Rhode Island is one of the six New England states and one of the original 13 states of the Union, entering in 1790. It is the smallest state in area in the country. Rhode Island's flower is the violet, and the capital is Providence. The exact origin of the state name is unknown.
Incorporation
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