A US company with a foreign owner has an information filing next to its tax return: Form 5472 for a foreign-owned Delaware LLC.
▸ About this service
What this area covers: corporate income tax in the US
Corporate income tax is one of 6 parts of our “Tax & Accounting” practice. It covers the full cycle from initial scoping to operational launch, run by a single named partner from our US practice.
What it is in the US: returns, planning and optimisation.
▸ In detail
How we handle corporate income tax
The “Corporate income tax” project in the US is structured as a 4-stage process run by a single named partner.
Federal and state returns with the IRS, the Delaware annual LLC tax, Form 5472 for foreign-owned LLCs and monthly bookkeeping.
The same desk that runs corporate income tax handles your banking, bookkeeping, compliance and — where needed — your wind-down.INNOVA · Operating model
▸ Jurisdiction
Why the United States
The largest market, deep capital, a choice of state (Delaware, Wyoming, Florida), and a straightforward registration process. We use it for operating companies, reaching US investors, and structures built for venture funding.
▸ 01 · Advantage
A reliable regulatory environment
BOI reporting under the Corporate Transparency Act, effective 26.03.2025, is mandatory only for foreign entities registered in the US; US-domestic companies are exempt. You need an EIN before opening an account — don't leave it to the last minute.
▸ 02 · Advantage
Banking ecosystem
A multi-tier system: Mercury / Brex for technology companies, Tier-1 (JPM, BofA, WF) for established businesses. We know which route is realistic for your profile.
▸ 03 · Advantage
Corporate tax 21% federal + state taxes
The real tax position depends on the structure — we model it before registration.
▸ 04 · Advantage
Local execution, one plan
United States · one named partner
▸ Why us
Why INNOVA
What changes for you when INNOVA runs the project. If a company or a second jurisdiction is not needed yet, we will say so plainly.
01
Turnkey, without the extra hassle
One window and one contract: we take the task whole, handle everything on your behalf with our own team and trusted contractors, and you buy the result. From you we need decisions and signatures; we get in touch only when the next step depends on you.
02
We handle banks and regulators
A bank refusal, a registry query, a regulator's request, a stalled deadline: we answer, rework the file and resubmit at no extra charge for our work until the matter is closed.
03
We see it through
The partner who opens your project carries it through to the result, even when the process runs for months, and stays on afterwards: renewals, filings, changes to the structure. Where the law requires a licensed professional, we bring one in and remain answerable to you.
04
A boutique, personally involved
We have worked in international business since 2012. An experienced partner runs your project personally, and unusual structures are our field: where you hear “that can't be done”, we look for the lawful route.
05
Your affairs stay yours
Information about you, your structure, your beneficial owners and your deals reaches neither competitors nor third parties. Banks, registries and regulators receive exactly what the law or the procedure requires, and the contract says so.
06
Faster and more precise
We build the file around the specific bank's and regulator's requirements before filing. Experience means we get the work right straight away, where some firms need three attempts. A partner replies in writing within 24 hours.
▸ Process
How the work is structured
A 4-stage process led by a single named partner — from scoping to the operational hand-over.
01
Position audit
Audit of the current tax position and accounting system
▸ Result: Tax-residency analysis
5 daysStep 1 of 4
02
Plan design
Restructuring or optimisation plan
▸ Result: Structure design and treaty positioning
10 daysStep 2 of 4
03
Implementation
Filings, registrations and system setup
▸ Result: Transfer-pricing documentation
2–6 weeksStep 3 of 4
04
Ongoing support
Bookkeeping and recurring reporting
▸ Result: Monthly bookkeeping
monthlyStep 4 of 4
▸ Information exchange
What we need from you · what you get from us
What we need from you to begin — and what you walk away with. We won't pester you with needless questions: we already have most of the answers.
▸ From you
What we need
→
- Prior-year financials (if any)scans
- Banking and invoicing accessread-only
- Intercompany agreementsif multi-entity
- IP ownership and licensingstructured
- Operating-entity diagramcurrent state
▸ From us
What you receive
↓
- Monthly bookkeeping cycle liveautomated
- VAT/GST registrations completedby market
- Tax-position memorandumdocumented
- Annual financial statements preparedregulator-grade
- Transfer-pricing documentation (if needed)master + local
▸ Engagement formats
Four ways to work together
We don't quote a fixed price without understanding your situation — cost depends on the complexity of your case. Send a written request or book a paid consultation, then we pick the right format.
M/01
Consultation
A paid 30-minute video consultation with a partner. We discuss your situation, define the project scope, and propose a structure and timeline.
M/02
Written analysis
A written consultation with a full review of the business — tax positioning, structure options, jurisdiction comparison, banking path. Turnaround: 5 business days.
M/03
Operating roadmap
For complex situations — multi-jurisdiction structures, regulated activity, founder relocation. A full plan with stages, dependencies, deliverables and timing.
M/04
Direct execution
You know what you need — we execute. No advisory mark-up and no discovery phase.
▸ About cost The figure above is the lower bound for a typical scope. The exact fee comes in writing once we have scoped the task.
▸ Questionnaire
Fill in the questionnaire
Complete the online questionnaire: a partner studies your case and replies in writing within 24 hours.
Fill in the questionnaire
4 steps · a partner replies in writing within 24 hours.
→
▸ What happens next
A partner reads the questionnaire, replies in writing at the email you gave within 24 hours, then a written quote follows. Work starts after you accept it.
▸ FAQ
Frequently asked questions
The questions we're asked most often. If yours isn't here, a written request is the fastest way to get an answer.
Most “Corporate income tax” projects in the United States run 4–9 weeks start to finish. The fastest stage is document filing; the longest is post-registration onboarding (banking, tax registration). A single named partner runs the project throughout.
From US$ 600/mo · bookkeeping · scope by structure. The lower bound is for clean, standard profiles; the upper bound is for complex ownership structures, multi-jurisdiction projects or regulated activity. A fixed quote follows once we have scoped the task.
In most cases, no. The entire process runs remotely under a notarised power of attorney. A handful of jurisdictions require an in-person visit (typically biometrics for a residence permit) — we plan those as efficiently as possible.
A single-member LLC owned by a non-US person is a disregarded entity for US federal income tax: it pays no US tax on foreign-sourced income itself. But there's a trap. The LLC still files Form 5472 (Information Return of a 25% Foreign-Owned US Corporation) and a pro-forma Form 1120 with the IRS every year. Missing Form 5472 costs a $25,000 penalty per year — one of the most commonly missed obligations for foreign-owned LLCs.
Form 5472 is filed by any US LLC that is 25%+ foreign-owned and enters a "reportable transaction" with a related foreign party — capital contributions, loans, management fees. The form attaches to a pro-forma Form 1120. Deadline: March 15 for C-Corps, April 15 for LLCs (extendable to September). The $25,000 penalty applies even at zero tax owed — this is pure information reporting.
The US federal corporate tax rate is 21%, flat since the Tax Cuts and Jobs Act 2017. Deductions: ordinary and necessary business expenses, depreciation (Section 179 immediate expensing up to $2,500,000 for tax years beginning in 2025, or MACRS), research and development credits (Section 41), net operating loss (NOL) carryforwards (80% of taxable income), and the qualified business income (QBI) deduction for pass-through entities. State corporate taxes vary. Delaware, Nevada, and Wyoming charge nothing on non-operating entities.
▸ Jurisdictions
Corporate income tax in other countries
The same service — in every jurisdiction we run. One desk, one standard.
