SB 2780·RI·senate
AN ACT RELATING TO CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS -- UNIFORM PARTNERSHIP ACT -- THE RHODE ISLAND LIMITED LIABILITY COMPANY ACT
Signed into LawFiled Mar 4, 2026
Sponsor: Matt LaMountain (D)
Latest Action
Signed by Governor
Jun 23, 2026
Summary
The bill repeals the current Rhode Island Limited Liability Company Act and replaces it with a modernized framework. It also requires professional limited‑liability partnerships to carry liability insurance or set aside segregated funds, and it creates new annual report, tax filing and penalty rules for all LLCs. The changes aim to increase consumer protection and ensure better state oversight of business entities.
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