- Dec 3, 2021
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Point out the line where I said you need to hire an accountant to get an LLC done. You need an accountant to be compliant with the IRS. Opening the LLC is not a challenge, there are plethora of options online. Pretty sure none of you know, you don't even need a penny to open one if you know someone in the US who is ready to act as a registered agent for you. Similarly, you get EIN for free when you DIY. Everything can be done online/mail/fax for free.The Ops apparent target are people living outside USA , but having some business limitations on the basis of their location.
Hiring an accountant to get an LLC done is like using a sledge hammer to kill an ant.
Don't go by the exact terms and language on IRS' website. You need to file forms 5472 and 1120 for all foreign owned single member LLCs. You'll get plenty of results online. The info is free.I researched about this and it seems only corporations need to file form 5472?
"Who has to file? A U.S. corporation with 25% or more foreign ownership, or foreign corporations that do business or trade in the U.S. are required to file IRS Form 5472. You must report the existence of all related parties in Form 5472 as well, and fill out a separate form for each foreign owner."