Wyoming vs Delaware LLC — does it matter for Form 5472?
I'm about to form my LLC and can't decide between Wyoming and Delaware. From a Form 5472 perspective, does it make any difference which state I choose?
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Do I need to file anything with the state too, or just the IRS?
Everyone talks about Form 5472 with the IRS. But does my LLC also need to file anything with the state it was formed in? My LLC is in Delaware.
LLC with two foreign owners — is it still Form 5472 or something else?
My business partner and I are both non-US persons. We formed a two-member LLC. Someone told me multi-member LLCs don't file Form 5472 but Form 1065 instead. Is that right?
Can I pay myself a salary from my single-member LLC?
I'm the only owner of my LLC. Can I pay myself a salary? How does that work with a disregarded entity for tax purposes?
How do I know if my LLC is a disregarded entity or a partnership?
I keep seeing these terms but I'm confused. I'm the only owner of my LLC. Does that automatically make it a disregarded entity? What if I add a partner later?
How does LLC taxation actually work? Does the LLC pay taxes or do I pay taxes personally?
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