This page is for foreign owners who formed a US entity some time ago, perhaps in a hurry, and now want a straight account of what keeps recurring. The review separates federal reporting questions from state upkeep and lists points for a US adviser.
A US entity owned from abroad is easy to forget. The review treats the reporting position, the state upkeep and the tax classification as three separate checks, then asks whether the entity still earns its place.
It reviews documents you supply; a US professional must confirm any filing position.
These sourced facts concern reporting and state filing for a US entity. The review compares each of these with what you actually have on file.
For Form 5472 purposes, a US disregarded entity wholly owned by a foreign person is treated as a separate corporation for limited reporting purposes, for tax years beginning on or after 1 January 2017.
Delaware requires corporations, LLCs, limited partnerships and statutory trusts to file with its Division of Corporations; sole proprietorships do not file there. The Division says it gives no legal advice on choosing an entity type.
Wyoming requires annual reports from LLCs (and other registered entities); each is due on the first day of the entity's anniversary month of formation, and the Secretary of State says to look up the due date in its entity database.
Instructions for Form 5472 — IRS. Source language: English.
How to Form a New Business Entity — Delaware Division of Corporations. Source language: English.
Annual Report Instructions — Wyoming Secretary of State (WyoBiz). Source language: English.
Facts reviewed 2026-09-28.
The two are easy to mix up and are checked separately.
Which federal reporting applies, and which state duties recur, are for a US professional to confirm; the review keeps the two lists apart.
The review asks who within the owner group is affected by each list, and marks where a tax adviser is needed.
For federal reporting, what was filed and what to put to a US professional. For state upkeep, what recurs according to the state and whether it was kept up.
Because state upkeep depends on the state, we start there.
Any gaps between the recurring items and your file become questions for a US adviser.
Because classification may depend on ownership, we ask for the ownership history and pass the question to a US adviser.
Each option is set out with the cost of leaving the entity alone.
This is business and structuring analysis, not legal, tax or investment advice. Where a legal or tax opinion is needed, we say so and point you to a licensed adviser.
No. Implementing changes is outside this review; LATYNEX Corporate Support coordinates filings separately.
Only if the state matches yours. The review addresses the state you actually used.
No. It names points for a licensed US adviser.
No obligation. We read your request and reply with a straight answer.
Describe your plan and your constraints. We reply with what we would look at first.
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