The formal power series $\sum_{i>0}\frac{X^i}i=\log(\frac1{1-X})$ (where as usual we write "$\log$" in formal algebra for what would be written "$\ln$" when talking about functions, presumably because $\log$ is shorter;-) is one that you might as well learn by heart, just like the one for $\exp(X)$.
You can easily deduce this from the definition $\log(1+X)=\sum_{i>0}(-1)^{i-1}\frac{X^i}i$ of the logarithm of a formal power series with constant term$~1$: to get rid of the alternating signs, substitute $-X$ for $X$ giving $\log(1-X)=\sum_{i>0}-\frac{X^i}i$, then multiply by $-1$ to get $\sum_{i>0}\frac{X^i}i=-\log(1-X)=\log(\frac1{1-X})$. Or alternatively, without remembering any formula, you can deduce it from the fact that de formal derivative of $\sum_{i>0}\frac{X^i}i$ is clearly $\sum_{i\geq0}X^i=\frac1{1-X}$ which again gives $\sum_{i>0}\frac{X^i}i=-\log(1-X)=\log(\frac1{1-X})$.
Once you've got the identity of formal power series, it is easy to see that the radius of convergence is $1$, from which it follows that $\sum_{i>0}\frac{x^i}i$ converges absolutely to $\ln(\frac1{1-x})$ for $|x|<1$.