Bookkeeping and the filings you must not miss
Monthly books kept properly, plus Form 5472 and the pro-forma 1120 that every foreign-owned single-member LLC owes the IRS every year.
How we work
- Fixed fee — Our price is published. State fees passed through at cost.
- No false promises — We never guarantee approvals that belong to a third party.
- One manager — A named person who knows your file, not a ticket queue.
- KYC before filing — Verification up front is why our applications get taken seriously.
The filing nobody warned you about
If you are a non-resident who owns a single-member U.S. LLC, you have an annual federal filing obligation whether or not the company earned anything: Form 5472, attached to a pro-forma Form 1120.
The penalty for not filing starts at USD 25,000 per year. It applies to dormant companies. It is the single most expensive thing we see non-resident owners get wrong, and most of them had no idea it existed.
Alongside that, keeping clean books is what makes everything else — bank reviews, gateway underwriting, eventually selling the business — straightforward instead of a scramble.
What we handle
Who this applies to
Foreign-owned single-member LLCs
Form 5472 is due every year, including years with no income and no transactions. There is no minimum threshold that exempts you.
Multi-member LLCs
Generally file Form 1065 with K-1s for each member instead. Different form, same principle: it is not optional.
Anyone planning to raise or sell
Clean books from day one are worth far more than reconstructed ones later. Reconstruction is expensive and never quite convincing.
How this one runs
Scope review
We look at your entity type, ownership and transaction volume and tell you exactly what is due.
On signupBooks set up
Accounts connected, chart of accounts built around how your business actually works.
First monthMonthly reconciliation
Transactions categorised, statements reconciled, reports sent to you.
MonthlyAnnual filing
Form 5472 and pro-forma 1120 prepared, reviewed with you and filed before the deadline.
AnnualWhat clients ask about this
My company made no money. Do I still file Form 5472?
Yes. Dormant foreign-owned single-member LLCs still owe the filing. This catches people out constantly and the penalty does not care that the company was idle.
What counts as a reportable transaction?
More than you would expect — including money you personally put into or take out of the company. Owner contributions and distributions are reportable related-party transactions.
Are you a CPA firm?
No. We prepare and file standard non-resident filings. For personal tax positions, treaty claims or anything unusual you need a licensed CPA, and we will refer you to one rather than guess.
I have not filed for previous years. What now?
Tell us how many years. Late filings can sometimes be submitted with a reasonable-cause statement. Doing it voluntarily is a materially better position than waiting to be contacted.
Ready to get started?
Tell us what you're building. You'll get an honest recommendation and a written quote before any commitment.