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Compliance · 5 min read · 14 Oct 2026
Form 5472 & 1120 explained for foreign-owned LLCs
The one annual filing every foreign-owned single-member LLC must make — even with zero income.
Who must file
Single-member LLCs owned by a non-US person are treated as disregarded entities and must file Form 5472 attached to a pro-forma Form 1120.
The penalty
Missing it can cost $25,000 per form. That is why we put it on autopilot.
Our service
$99.99/year for qualifying LLCs with no US-sourced income or US employees.