ForeignOwnedLLC – Simplifying compliance for foreign-owned US LLCs

Summary: ForeignOwnedLLC helps non-US founders manage US LLC tax compliance by tracking activity and generating required IRS forms like 5472, 1120 pro forma, SS4, and 7004. It reduces reliance on complex IRS instructions or costly CPAs, enabling timely filings and deadline tracking.

What it does

It tracks LLC transactions and generates IRS forms 5472, 1120 pro forma, SS4 for EIN applications, and 7004 for filing extensions to maintain compliance.

Who it's for

Non-US founders operating US LLCs who need to comply with IRS filing requirements.

Why it matters

It prevents costly penalties by simplifying the preparation and submission of mandatory IRS forms for foreign-owned LLCs.