Every filing a foreign-owned US LLC must complete in 2024 — federal, state, and international — with deadlines and penalty amounts.
Foreign-owned US LLCs face a compliance stack that most domestic business tools completely ignore. Unlike a US citizen running a small business, non-residents must navigate both US federal filings and international reporting requirements — with penalties that can exceed the LLC's revenue.
This checklist covers every standard requirement for a foreign-owned single-member LLC treated as a disregarded entity, organized by deadline. State-specific requirements (like annual reports) vary — see the state table below.
Required for every foreign-owned single-member LLC with any "reportable transaction" (contributions, distributions, expenses paid on the LLC's behalf). Practically mandatory for any operating LLC.
Read the complete Form 5472 guide →The Corporate Transparency Act requires all LLCs to report their beneficial owners to FinCEN. Existing entities (formed before Jan 1, 2024) had until Jan 1, 2025. New entities (formed in 2024) must file within 90 days of formation. Ongoing: report changes within 30 days.
File at FinCEN.gov →If your LLC had US-source income (income effectively connected with a US trade or business), you must file a personal Form 1040-NR. The LLC's income flows through to your personal return as a disregarded entity owner.
IRS Form 1040-NR info →Required if your LLC (or you personally) had a financial interest in or signature authority over foreign bank accounts with an aggregate value exceeding $10,000 at any point in the calendar year.
File FBAR online →Covers income earned January through March.
Covers income earned April through May.
Covers income earned June through August.
Covers income earned September through December.
Most states require LLCs to file an annual report (sometimes called a "Statement of Information" or "Biennial Report") to remain in good standing. Failure to file can result in administrative dissolution of your LLC.
| State | Report Name | Deadline | Filing Fee | Penalty |
|---|---|---|---|---|
| Delaware | Annual Report + Franchise Tax | Jun 1 | $300 (flat) | $200 late fee + 1.5%/mo interest |
| Wyoming | Annual Report | 1st day of anniversary month | min $60 | $25 late fee; dissolution after 60 days |
| Florida | Annual Report | May 1 | $138.75 | $400 late fee if after May 1 |
| Texas | No Annual Report | N/A | N/A | Franchise Tax due May 15 |
| Nevada | Annual List + State Business License | Last day of anniversary month | $350 | $100 late fee |
| New York | Biennial Statement | Every 2 years | $9 | LLC dissolution |
| New Mexico | No Annual Report | N/A | N/A | N/A |
Fees and deadlines may change. Always verify with the official state Secretary of State website for current amounts.
Required if you hold foreign financial assets above the reporting threshold ($50,000 for single filers at year-end, $75,000 at any point). Filed with your Form 1040-NR.
IRS Form 8938 info →If you crossed 183 weighted days but can demonstrate a closer connection to a foreign country, file Form 8840 to claim the exemption from being treated as a US tax resident. This is not automatic — you must file it affirmatively.
IRS Form 8840 info →VaultStay builds your personalized compliance checklist based on your state, entity type, and income — and sends you deadline reminders automatically.
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