Stay legal. Stay free.
We handle the rest.
Setting up is the easy part. Staying compliant is what keeps you out of trouble. Annual reports, tax filings, renewals, we track every deadline so you never miss one.
What's Included
Everything you need.
Nothing you don't.
- Annual filing renewals coordination
- State annual reports
- IRS tax filings
- Form 5472 preparation
- Entity classification elections
- Deadline tracking & reminders
- Full reporting calendar
Who It's For
Every existing BCA client, once set up, we keep you legal.
You've done the hard part, forming your LLC, getting your EIN, opening accounts. But the IRS doesn't care how smoothly setup went if you miss your annual filings. And the penalties are brutal.
This service is for every BCA client who wants to focus on their business, not their compliance calendar. We track deadlines, prepare filings, handle renewals, and make sure your entity stays in good standing, year after year.
The BCA Difference
What AI can't tell you
ChatGPT can give you the brief. It cannot give you the details. These are things that are done, the tips and tricks that only someone who's navigated the process can share.
Which filings are ACTUALLY required for your entity type, there's a lot of misinformation out there
The $25K penalty for a late Form 5472. And how to make sure it never happens to you
How to handle state-specific quirks that catch people off guard
When extensions actually make sense vs. when they're risky
The thing most non-resident LLC owners forget
Form 5472, the single biggest US compliance risk you have
Most non-resident US LLC owners file their state annual report and assume they're done. They are not. Form 5472 is filed with the IRS, separately, every year, even with zero income, even if the LLC was dormant.
Who must file Form 5472
Every US LLC that (a) is owned by a non-US person AND (b) is treated as a disregarded entity for US tax purposes (the default for single-member LLCs). Multi-member LLCs that file Form 1065 do not file 5472, but their K-1s have separate reporting issues.
When it is filed
With a pro-forma Form 1120 (US corporate income tax return), by April 15 of the following year. Extension to October 15 available via Form 7004. But the extension must be filed by April 15 to be valid.
Penalty for late or missing filing
USD 25,000 per form, per year, with additional USD 25,000 for each 30-day period the failure continues after IRS notice. The IRS issues these penalties automatically; there is no warning letter first.
What it discloses
Reportable transactions between the LLC and its foreign owner (or related foreign parties): capital contributions, distributions, loans, sales of goods/services. Even a single capital contribution to fund the LLC's bank account is a reportable transaction.
The annual calendar
What happens, and when
We map every deadline against your LLC's specific jurisdiction and entity type. The default Wyoming LLC calendar is below.
- 1
January, prepare and file Form 1120 + Form 5472
We assemble the prior year's reportable transactions, draft the pro-forma 1120 and the 5472, and file by paper (the IRS does not accept e-filed pro-forma 1120s for foreign-owned disregarded LLCs).
- 2
On your LLC anniversary. Wyoming annual report
Wyoming files on the first day of the anniversary month of formation. Fee: USD 60 minimum (USD 60 base + USD 0.0002 per dollar of assets located in Wyoming, which is typically USD 0 for non-resident-owned LLCs). Late filing triggers USD 50 penalty + dissolution risk after 2 years.
- 3
March 1 (Delaware Inc only)
Delaware corporations file their annual report + franchise tax by March 1. Minimum USD 175 + USD 50 report fee. Most clients are LLCs, not Corps. But if you have a Delaware Inc, this is critical.
- 4
June 1 (Delaware LLC only)
Delaware LLCs file their annual franchise tax, USD 300, flat, by June 1. Late = USD 200 penalty + 1.5%/month interest. Delaware LLCs do not file a state annual report (that's a Corp thing) but the franchise tax is required regardless of activity.
- 5
April 15, extension if needed
If your 1120 + 5472 needs more time, we file Form 7004 by April 15 to push to October 15. Extension is automatic if requested by the deadline; we do not let this slip.
- 6
BOI updates — currently paused for US-formed LLCs
US-formed LLCs (including non-resident-owned) are currently exempt under the March 2025 interim rule, so no BOI updates are due now. If the rule is reinstated, a change to beneficial owners (name, address, new/removed owner) would require a BOI update within 30 days; late penalty USD 591/day (indexed). We track this for clients.
- 7
Quarterly. IRS estimated tax (only if US-source taxable income)
A foreign-owned LLC with US-source effectively-connected income owes US tax and quarterly estimateds. Most BCA clients have no US-source ECI, so this section is empty, we confirm at intake.
BOI under the Corporate Transparency Act
What changed in March 2025. And what did NOT
The Treasury issued an interim final rule on March 21, 2025 that paused BOI reporting for entities formed in the US — regardless of who owns them. This was widely misreported. Here is what actually changed.
Companies formed in the US (any owner)
Currently exempt — no BOI initial report or updates, including US LLCs owned by non-residents. The exemption is based on where the entity is formed, not the owner's nationality. The rule is interim and could be revisited; we track it and alert clients if it changes.
Does foreign ownership change that?
No. A US-formed LLC owned by non-residents is still a US entity and is currently exempt. Foreign ownership alone does not trigger BOI.
Companies formed outside the US registered to do business in the US
Still required. Foreign-formed entities remain reporting companies. Same 30-day rules.
BCA-formed LLCs
Currently no BOI filing is required. Because the rule is interim, if it is reinstated we file the initial BOI as part of the service and remind you; we cannot file an update without knowing the change happened.
Real numbers
Annual compliance, what it costs per year
We charge an annual coordination fee; government fees pass through.
| Item | Amount |
|---|---|
BCA annual compliance coordination (Wyoming LLC) one-time per year, includes 1120 + 5472 prep and filing, state annual report, deadline tracking | USD 600 |
BCA annual compliance coordination (Delaware LLC) higher because Delaware franchise tax flow is more involved | USD 750 |
Wyoming state annual report paid to the state | USD 60 |
Delaware LLC franchise tax paid to the state. Delaware LLC only | USD 300 |
BOI initial filing FinCEN does not charge | USD 0 |
BOI update (if needed) per update, only when ownership/address changes | USD 75 |
Registered agent renewal (Wyoming) paid to your registered agent. Not BCA | ~USD 100 |
| Estimated total | USD 760 (Wyoming) or USD 1,150 (Delaware) per year |
Compare this against the USD 25,000 Form 5472 penalty per year if you skip filing. The maths is not subtle.
What goes wrong
How LLCs get dissolved or penalised
"My accountant in [country] handles US taxes"
Most foreign accountants do not file IRS Form 1120 + 5472 for foreign-owned LLCs because the form is a US-specific filing requiring a US tax professional or US-licensed preparer. We see foreign-prepared returns get rejected by the IRS routinely.
Filing 1120 only, skipping 5472
Some preparers file the pro-forma 1120 without the 5472 attachment. The IRS treats the 5472 as separately required; missing it triggers the USD 25k penalty even though the 1120 was filed on time.
Filing 5472 with no reportable transactions claimed
A common defect: filing 5472 marked "no reportable transactions" when the owner actually made a capital contribution (the seed funding for the LLC bank account). The IRS treats incomplete filings the same as missing filings.
Letting the state annual report lapse
Wyoming dissolves administratively after ~2 years of missed reports. Once dissolved, the LLC's EIN remains active but the entity has no legal standing. Reinstatement costs more than the original formation and resets compliance history.
Changing the registered agent without updating the state
If you stop paying your registered agent without filing a Change of Agent with the state, the agent resigns, the state has no service-of-process address, and the LLC enters administrative dissolution. We've cleaned this one up more than once.
Boundaries
What BCA compliance does NOT cover
We do not prepare your home-country tax return. If you live in Germany, your German tax filing is on you (or your German CPA). We coordinate the US side only.
We do not file Form 1040-NR (non-resident individual US tax return). If you personally have US-source income (rental property, US partnership K-1, dividends from a US broker), you have an individual filing obligation separate from the LLC's. We can refer you to a US CPA who specialises in 1040-NR.
We do not handle sales tax. If your LLC sells physical products and crosses US state nexus thresholds, sales-tax registration and filing is its own engagement (and requires a sales-tax specialist, not us).
Common Questions
Quick answers before you decide
Keep going
The rest of the playbook
Most BCA clients stack two or three of these.
US Company
Form a non-resident Wyoming or Delaware LLC
Pick the right state for your use case, get an EIN without an SSN, and keep your Form 5472 + BOI obligations clean.
Residency
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Reasonable tax base, no minimum stay requirement, and a path to cédula + RUC for international banking and contracts.
US Credit
Build US credit with an ITIN. No SSN required
Form W-7 → ITIN → Capital One Quicksilver Secured → 5 months → unsecured Discover. The decoded path most CPAs miss.
Real Estate
Invest in Bali leasehold real estate safely
Why leasehold beats nominee freehold for foreigners, the due-diligence checklist, and realistic 4–9% net yields.
Banking
Open bank accounts in Georgia and Panama, 100% remotely
Official SOLO (Bank of Georgia) and Towerbank partner. Passport to start, video call to activate, tax ID added later — no flights required.
Stay protected year-round
Axel Care monitors your compliance, alerts you to deadlines, and handles IRS notices. So you never miss a filing or pay a penalty. From $299/year.
🤝
Know someone who needs annual compliance?
Refer them to BCA and earn $75 credit toward your next service. They get a discount too.
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