RI H7844

Foreign corporations may be deemed to transact business in Rhode Island regardless of physical presence, including entities that advertise, provide services to, or receive compensation from Rhode Island persons; applies specifically to insurers and insurance claim handlers

Foreign corporations operating without a certificate of authority face a $300 monthly civil penalty, an enhanced penalty up to 12% of gross receipts from Rhode Island business activities, and liability for all back fees and franchise taxes plus an additional civil fine equal to the arrearage

Annual report late filing penalties increase from $25 to $200 for corporations, nonprofit corporations, limited liability partnerships, limited partnerships, and limited liability companies

Creates a new "business activity certificate" requirement for sole proprietors and individuals conducting business in Rhode Island, with a $20 filing fee and annual renewal; applies even to those without physical presence in the state who provide services to or receive compensation from Rhode Island persons

Failure to register with the Secretary of State or maintain required filings constitutes an unfair or deceptive trade practice under state consumer protection law; businesses must provide proof of good standing within 10 business days upon written request or face prima facie evidence of noncompliance