LLC for Non-US Residents: How to File Taxes

Are you looking to form a business in the US? Don't go it alone - get the help you need to ensure you're filing correctly and paying the right taxes.

This video explains that.
📌Foreign-owned single member LLCs are required to file Form 5472.
📌Foreign-owned LLCs with multiple members would file Form 1065.

If there is no effectively connected income the forms are filed with a statement indicating this. If there is effectively connected income (or a US Partner) then Forms 8804 would be required to remit withholdings on behalf of the foreign partners per code section 1446.

00:00: Introduction
00:13: LLC Basics
01:49: Filing Requirements
05:49: Conclusion

How many videos of James have you watched today? Do you want to skip the line and get the answers to your questions right away? Do you want to learn exactly how you can have a Tax Free US Company and bank account without traveling to the US? Get your questions answered right away on a call with James. Schedule with the link below to receive clarity on your tax situation and stop spinning wheels.

Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.

We are hosting weekly Ask Me Anything sessions, you could for limited time access to them free of charge, if you want to expand your business and network, join us here:

***
Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.

--Longer videos that explain it all!

--Guides and How tos

---And don’t forget to check out all of the “CALLS WITH JIM”
***
Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.

Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.

***
Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -

***

¡¡¡¡¡¡¡¡
Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

#businessformation #taxes #LLC #partnership

[lyleanderson]

You deserve more subscribers. I really like your style.

[talkingshadow]

I so glad you made this video, I was just wondering if there's a video dedicated to the situation where a multi member LLC has a has a US member and a foreign member ?
I wanna understand more about the refund part

[agnellolucas]

Do you have any video explaining how to pay ourselves? I think that's a pretty good subject for non us residents which owns a LLC

[raavanshivaa]

Ha! Finally, something for us. Thanks, mate.

[edthrustory]

James thanks a lot for this resourceful video.

As a single member foreign-owned Wyoming LLC, am I required to file the annual report?

[pablourtubia]

Thank you very much for the information.

There is a lot of information for a single foreign member LLC, which does not do business in the US, but for Multi-Member LLC, with all of its foreign members, which does not do business in the US and has chosen to be taxed as a partnership. The information is ambiguous and less clear.

Could you give us more details? Or, where can we find more information?

Typical situation:
- LLC Multi-members.
- All foreign members and non-residents in the US.
- Does not do business in the US. (No sales, no offices, no employees)
- Chose to be taxed as a partnership.

Greetings and thanks for your help.

[pavel]

Hello. I didn't get one thing. If it's a multi-member LLC. All owners are non-residents (live and work abroad). LLC import, store and sell goods through Amazon marketplace in the USA. So LLC has Effectively Connected Income. It means that all owners have to file 1040-NR. Do they have to pay the highest rate of 37% in this case?

[astrolince]

Where do you list the partners in the Form 1065 for foreign-owned LLCs with multiple members and no effectively connected income? Would be nice to clarify exactly what should be filled and what leaved blank, thanks

[HoldMySoda]

When I set up a LLC just to get a bank account and a credit card and do no business at all. Do I have to file a form or anything?

[SD-rgmj]

Hello and thank you for your videos, I'm a French tax resident and I have a single member LLC, the problem is that I don't speak English very well and I'm not sure I understand you Do you have an article written about it? If not, did I understand correctly that there are three forms to fill out in my case? The forms : 1040-NR, 5472 and 1120 ?

And thank you again for your videos Cyril

[shapemylife]

What are income tax filing requirment for a single foreign member LLC with no physical presence in US but selling through marketplaces Like Amazon.

[oldstraders]

I have a multimember llc when is the day for filing form 1065 due?

[muhammadfaheemrao]

I had incorporated Delaware Partnership LLC with two Indian partners. I am getting revenue from
- Google Adsense
- Google App Store Sales
- Apple App Store Sale
- Some Subscription payments from Stripe
- 1-2 customized software work payment from Outside US

What I need to know what the Tax Liabilities are my company own, like gross receipt tax, sales tax, and Income Tax etc.
What are the dates for these taxes and how we can file them?

I would again request you please take fee for the time you are putting in these replies.

[wajihullah]

If I register a non resident single member LLC in Texas, and selling goods worldwide including states, do i have to pay taxes? If yes then how much % ...?

[Cursix]

As a two member foreign-owned Wyoming LLC, that does Online Business in us with no warehouse or worker in us do i need to pay income tax and federal tax??

[carlosalbertomoreno]

Hey, good explanation, I'm arranging with a family member to open a Business in the US, I'm a non US resident but my partner is. What would the process be to open an LLC in this case? Thanks for the time reading.

[sachinsingh-jilt]

I have registered llc in October 2023, but no business no transactions done yet. I want to do my annual filling.

[reforgedholdingsllc]

Thanks for the information. I'll be contacting you soon.

[MarkAlex]

Hi,

I need to establish a service based LLC in Wyoming, I’m non resident and no staff will be based in the US. All staff are working from other countries.

My revenue is expected to be from US market (from multiple states). What would be the applicable tax assuming that LLC is one member only…

Thanks a lot for your valuable videos

[benmyers]

If you have no US employees, no US office, you are a service business and the LLC partnership is owned by non US resident/citizens, BUT all sales are to US companies, do you still pay US taxes?