Corporate Tax in Providence, Rhode Island

Find the right Corporate Tax attorney in Providence, RI

Corporate Tax Lawyers in Providence

A "corporation" in Providence, Rhode Island is an organization established under state law which is considered a separate "person" from any of the people who run it.

This doctrine is recognized as "corporate personhood." While the concept is somewhat abstract, the law of Rhode Island treats corporations as individual persons, for most purposes. This means that, legally, corporations have many of the same rights, privileges, and obligations as living, breathing human beings.

An noticeable example of this concept is a corporation's obligation to pay income taxes similar to how an actual person would.

Corporate Tax Rate in Providence, Rhode Island

Every profit-earning corporation in the U.S. must, legally, pay the federal corporate income tax. Most states further have their own corporate income tax, which corporations located in Providence, Rhode Island have to remit.

The federal corporate income tax rate is different from the tax rate that applies to individuals. The highest corporate tax rate at the federal level is 35% of income - applying to companies that make over .3 million per year. Corporations earning under ,000 pay a 15% tax rate. There are many tax brackets in between.

Likewise, chances are good that the corporate tax rate in Rhode Island are different from individual income taxes. However, many states feel that their economies would be best served by attracting as many businesses as possible. For that reasons, in a large number of states, the corporate income tax rate is substantially lower than the individual rate.

Whatever a company's legal tax rate is, all corporations in Providence, Rhode Island must pay the taxes assessed against them. If they don't, they can be made to pay very massive fines - normally much larger than their original tax bill.

How Can a Providence, Rhode Island Corporate Tax Lawyer Help?

The majority of big corporations have accountants, tax lawyers, and other legal/financial specialists on staff to ensure that they comply with state and national corporate tax laws.

But most smaller Providence corporations cannot afford to have these professionals on staff. Therefore, they simply hire them as needed. If you are a business owner, and you have questions about corporate taxation, you should seek the counsel of a competent and dependable tax lawyer in Providence, Rhode Island as soon as you can.

Talk to a Tax Law Attorney now!

Life in Providence

Providence is the 3rd largest city in New England and known for its jewelry and silverware industry. Providence is known as the "Creative Capital" because the city and its residents emphasize educational and cultural resources within the community. Ivy League Brown University, Johnson Wales University, the Rhode Island School of Design, Providence College, the state's oldest public college named Rhode Island College are all located in Providence. The city is also home to one of the best writer's retreats available in the United States.

Since Providence is such an important community, a number of talented New England lawyers call it home. Providence lawyers are familiar with local Rhode Island State Courts, Providence County Courts, as well as Federal Courts like U.S. Immigration and Bankruptcy courts.

Other major industries in Providence include transportation and trade, education, health services, government, and leisure/hospitality services for tourists. Providence is a major East Coast hub for business and financial services as well.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN