Rhode Island Subscription Agreement

State:
Multi-State
Control #:
US-ENTREP-0010-3
Format:
Word; 
Rich Text
Instant download

Description

A subscription agreement is a formal agreement between a company and an investor to buy shares of a company at an agreed-upon price. The subscription agreement contains all the required details. It is used to keep track ofoutstanding sharesand share ownership (who owns what and how much) and mitigate any potential legal disputes in the future regarding share payout.

The Rhode Island Subscription Agreement is a legal document that outlines the terms and conditions of a subscription or investment in a company or entity located in Rhode Island. It serves as a contract between the issuing company and the subscribing party, detailing the investment terms and the rights and responsibilities of both parties involved. In Rhode Island, there are various types of subscription agreements depending on the purpose and nature of the investment. Some common types include: 1. Stock Subscription Agreement: This type of agreement is used when an individual or entity subscribes to purchase shares of stock in a Rhode Island-based company. It specifies the number of shares being purchased, the subscription price, and any other relevant terms related to the stock investment. 2. Limited Partnership Subscription Agreement: In the case of a limited partnership, this agreement is entered into by an investor who wishes to become a limited partner in a Rhode Island partnership. It outlines the partner's capital contribution, profit-sharing arrangements, liability limitations, and other key provisions relating to the partnership structure. 3. LLC Subscription Agreement: If an individual or entity wants to become a member of a Rhode Island Limited Liability Company (LLC), an LLC Subscription Agreement is utilized. It outlines the member's capital contribution, their rights and responsibilities, and other relevant terms and conditions governing their involvement in the LLC. 4. Mutual Fund Subscription Agreement: This type of subscription agreement is used by investors who want to invest in a mutual fund based in Rhode Island. It sets out the terms of the investment, including the subscription amount, fee structures, redemption terms, and other pertinent details specific to mutual fund investments. Regardless of the specific type of Rhode Island Subscription Agreement, common provisions found in these agreements often include clauses on the subscription price, payment terms, representations, warranties, transfer restrictions, and dispute resolution mechanisms. It's important to note that when entering into a Rhode Island Subscription Agreement, both the issuing company and the subscriber should seek legal advice to ensure compliance with state laws and to protect their respective interests. The agreement serves as a vital tool in establishing a clear and mutually beneficial relationship between the parties involved in the investment.

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FAQ

In Rhode Island, SaaS is subject to sales tax, as are a wide range of digital goods and services. This means businesses that provide digital products may be required to collect and remit sales tax on these products.

(1) Prewritten computer software - The sale of prewritten computer software (?canned?) delivered in tangible form is taxable including charges by the seller for any services (training, maintenance consultation etc) necessary to complete the sale. However, installation labor separately stated is not subject to tax.

Some, like California, Colorado, Florida, and Indiana, specify that cloud-based software is not tangible personal property, therefore, is not taxable. Illinois and Georgia define SaaS as a nontaxable service.

(5) Custom Software ? The sale of custom software as defined above is not subject to tax. This includes any services incidental thereto and any modifications. If custom software sold to a single purchaser is later sold to others, the later sales are considered sales of prewritten software and are subject to tax.

Rhode Island imposes a 7 percent sales tax on the sale of most tangible items. However, the state offers exemptions on a range of goods and services, as well as for certain organizations and types of sales. Common exempt goods include clothing and footwear, food, and medical items.

Although Rhode Island's criminal records are in the public domain and accessible for free, the cost of making copies of these documents must be borne by the person making the request.

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More info

What do we need to do? You will first need to have a fully executed and approved Memorandum of Understanding (MOU) on file with the RI DMV. For more ... ... ri.gov requesting access to case information and attach a signed Subscription Agreement. A JTC representative will respond by sending you a username and ...The Investor hereby agrees that this subscription is and shall be irrevocable and shall survive and shall not be affected by the subsequent death, disability, ... Nov 1, 2023 — 1. Name Your LLC; 2. Choose a Registered Agent; 3. File Your Articles of Organization; 4. Create an Operating Agreement; 5. Register to Pay ... How can I obtain my Subscriber Agreement? You can obtain a Subscriber Agreement by contacting BlueCHiP Customer Service at the numbers below: ... Are there forms ... A subscription agreement defines the terms for a party's investment into a private placement offering or a limited partnership (LP). Pharmacy. Lower your costs with integrated pharmacy benefits. Dental. Complement your medical coverage for total health. Vision. See the value that vision ... The Real Estate Division of the Rhode Island Department of Business ... Review and sign Subscriber Agreement Form (signed by licensee/subscriber); A copy of ... Subscriber Agreement Form signed by Licensee. Download/Print Subscriber ... If you are a team leader and currently have an active team, please write the team code ... Mar 5, 2022 — ... RI-1065 is solely for the $400 minimum tax, the only sections that need to be filled out are as follows: > First box w/ Federal EIN/SSN, RI ...

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Rhode Island Subscription Agreement