Home › Industries › Foreign-Owned Companies
IndustryAccounting and tax for U.S. companies owned from abroad.
A U.S. company with a non-resident owner has a short list of filings that carry very large penalties. We handle all of them, plus the books, in English or Turkish.
Where this industry gets it wrong
- Form 5472 + 1120 not filed — $25,000 per year
- No ITIN for the owner, so returns and bank accounts stall
- Withholding on payments to the foreign owner ignored
- State registration and franchise tax forgotten because nobody lives here
Questions we hear from foreign-owned companies
We have a Wyoming LLC and sell online from abroad. What do we file?
At minimum Form 5472 with a pro-forma 1120 every year, plus state annual reports. Depending on your activity, a full 1120 or 1040-NR may apply. We map it on the first call.
Can you open the bank account?
We prepare what the bank needs — EIN letter, formation documents, operating agreement, ITIN — and introduce you to banks that onboard non-resident owners.
Talk to us this week.
A free 15-minute call. Next step and a fixed fee, in writing. No hourly billing, no obligation.