My Atlas LLC has almost no revenue yet. Can I skip U.S. filing for the first year?
I am in Lagos and formed a Delaware LLC through Stripe Atlas for a micro-SaaS project. Revenue in 2024 is maybe $8,000 and most of that came late in the year. Before that, I personally paid for formation, design work, hosting, and some software tools because I did not have the business bank account ready.
Since the company barely made money, I was hoping I could just start filing once revenue is bigger. But I keep hearing about automatic penalties for Form 5472 and now I am not sure whether I already created a filing problem during the setup phase.
Related Questions
I formed a Delaware SaaS LLC with Stripe Atlas from India. If I have no U.S. office, is Form 5472 my only filing?
I am based in Bangalore and formed a Delaware single-member LLC through Stripe Atlas in early 2024 for a B2B SaaS product. We are around $90,000 ARR, with about 70% of customers in the U.S. and the re...
My German SaaS LLC has U.S. customers and a U.S. freelance closer. Did I create ECI?
I live in Berlin and own a Wyoming single-member LLC that sells workflow software to U.S. companies. Revenue is now about $240,000 per year. I write the code and manage the company from Germany, but I...
My SaaS contract has a $12,000 setup fee and $1,200 monthly subscription. Do I analyze the tax the same way?
I live in India and own a Delaware LLC that sells workflow software to U.S. companies. One new client agreed to pay a one-time $12,000 implementation fee plus $1,200 per month after launch. I do all o...
People keep telling me to claim the R&D credit, but my LLC is disregarded and barely has U.S. tax. Is that advice even aimed at me?
I am in Canada and run a software startup through a New Mexico LLC. The engineering team is in Toronto and Montreal, and we are still early enough that my U.S. filing picture is mostly Form 5472 and b...
All my app servers are in Virginia, but I run the company from Hong Kong. Is that enough for U.S. tax?
I am based in Hong Kong and run an AI API business through a Delaware LLC. We do about $150,000 per year and all infrastructure is on AWS us-east-1 for latency reasons. No employees or contractors are...
As a Canadian founder, can I rely on the treaty if I visit U.S. customers a few times a year?
I am a Canadian founder with a Delaware LLC selling annual B2B SaaS contracts. Revenue is about $310,000 and most customers are in the U.S. I do product and support from Toronto, but I also travel to ...
Stripe and PayPal keep asking for tax status on my LLC. Should I be giving W-9 or W-8 paperwork?
I am a Brazilian founder with a New Mexico single-member LLC selling a small SaaS product. Gross receipts are around $65,000 and I use both Stripe and PayPal. I do not have a U.S. SSN or ITIN, but the...
A U.S. reseller wants to collect from my customers and pay my LLC. Is that cleaner or riskier for tax?
I live in Germany and my SaaS product is sold to manufacturing clients. A U.S. reseller wants to invoice U.S. customers directly and then pay my LLC after keeping its margin. From a commercial point o...
I hired a U.S. sales engineer for demos. Did my foreign-owned SaaS LLC become a U.S. business?
I live in Dubai and own a Delaware LLC for an API SaaS business doing around $420,000 annual revenue. I recently hired a part-time sales engineer in Texas as an independent contractor. He joins enterp...
Can I run GitHub Sponsors and consulting through the same foreign-owned LLC?
I am a maintainer in the UK and I have a Delaware LLC that I use for open source consulting. GitHub Sponsors is growing and should be around $18,000 this year. I also sell some private support and a f...
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.
