Foreign-owned single member LLC
We are experts in the taxation of foreign-owned single-member LLCs. We understand the complexities and nuances of this area. Our team has extensive experience in navigating the tax implications of foreign-owned LLCs, and we are committed to providing our clients with the highest level of service and expertise.
Whether you are a foreign investor looking to establish a presence in the United States or a U.S. business owner considering a joint venture with a foreign partner, we can help you understand the tax implications of your business structure. From entity selection to compliance and reporting, we are here to guide you every step of the way.
We have a deep understanding of the U.S. tax code as it relates to foreign-owned LLCs, and we are dedicated to helping our clients achieve their business goals while minimizing tax liability. We can assist you with everything from tax planning and structuring to compliance and reporting, ensuring that your business operates in full compliance with U.S. tax laws.
If you are considering a foreign-owned single-member LLC or have questions about the tax implications of your current business structure, we invite you to contact us to schedule a consultation. Our team is here to provide you with the guidance and expertise you need to make informed decisions about your business and taxes.
FAQ
Is there a penalty for not filing my foreign-owned LLC tax return?
There is a penalty if you don’t file your foreign-owned LLC tax return. Failure to file can result in a penalty of $25,000 per year. It’s important to work with a qualified tax professional to ensure that you are in compliance with all applicable tax laws and regulations.
What tax forms do I need to file for my foreign-owned US single-member LLC?
For your LLC, you will typically need to file Form 1120 and 5472 as a Pro-forma tax return. In some instances, FBAR filing might be required.
Do I Need to file a personal US income tax return as a foreign owner of a US LLC?
As a foreign owner of a US LLC, you may need to file Form 1040NR to report your personal income from the LLC. It’s important to work with a qualified tax professional to ensure that you are in compliance with all applicable tax laws and regulations.
How much do you charge to file Forms 1120 and 5472?
In most instances, we can file your LLCs 1120 and 5472 for as little as $200
Can you advise on the best State to register an LLC and help with the registrations?
Yes, we can register an LLC and advise on the best State where to register.
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“It was an absolute pleasure to work with Andrew. Very clear and easy-to-understand tax advice and delivery of information. Will be happy to work with him again in the future!”
Stefani K — Individual
“Andrew was very informative, helpful, and willing to explain anything I didn’t understand. Good at explaining my options and the pros/cons of each path with my LLC and international resident/non-resident tax obligations. I will definitely work with Andrew again.”
James B — Small Business Owner
“Andrew acted as a trustworthy partner. Quick turnaround and flawless execution of C-Corp tax return filing. Will certainly recommend him.”
