FAQ
Frequently Asked Questions
Everything you need to know about forming and managing a US company as a non-resident.
Do I need a US address or SSN to form an LLC?
No. Non-US residents can form a US LLC without a Social Security Number (SSN) or US address. We provide a registered agent address in your state of formation, and you can use your foreign address for all other purposes.
What documents do I need to get started?
Just a copy of your passport or government-issued ID, and your home address. That's it. We handle all the state and federal paperwork.
Can I open a US bank account as a non-resident?
Yes, though options vary. With your LLC and EIN, you can open accounts with Mercury, Relay, and other neobanks remotely. Traditional banks may require an in-person visit.
What are the ongoing tax requirements?
Foreign-owned single-member LLCs must file Form 5472 with a Pro Forma 1120 annually with the IRS. You'll also need to file state annual reports and BOI reports.
Why should I choose Wyoming over Delaware?
For single-member LLCs, Wyoming offers better privacy protections, lower costs, and no franchise tax. Unless you're raising VC funding, Wyoming is usually the better choice.
How long does LLC formation take?
With our expedited service, your LLC can be formed in 3-5 business days after we receive your information. EIN processing takes an additional 5-7 business days.
What is a registered agent and why do I need one?
A registered agent is a person or company with a physical address in your state of formation who receives legal documents on behalf of your LLC. All US LLCs are required to have one. Our service includes the first year free.
Do I need to pay US taxes on my LLC income?
If you're a non-US resident and your LLC does not have US-source income (income from US customers or US-based activities), you generally do not owe US income tax. However, you must still file Form 5472 annually.
What is Form 5472?
Form 5472 is an informational return that foreign-owned US LLCs must file annually with the IRS. It reports transactions between the LLC and its foreign owner. The penalty for not filing is $25,000.
Can I use my LLC to accept payments from clients?
Yes. Once you have your EIN, you can open a business bank account, accept payments through Stripe or PayPal, and invoice clients as a US company.
What is the BOI Report?
The Beneficial Ownership Information (BOI) report is required by FinCEN under the Corporate Transparency Act. Most US companies must file this report, which discloses information about the company's beneficial owners.
How much does it cost to maintain a US LLC annually?
Typical annual costs include: state annual report (~$60 in Wyoming), registered agent service ($49/year), and Form 5472 filing ($325). Total: around $450-500/year depending on your state.
Still have questions? Contact us and we'll be happy to help.