Finally, single-member LLCs can ask the IRS to treat them as corporations for tax purposes. As the government charges a flat rate for corporation tax, electing to be a C corporation or S corporation might save you money. As an owner of a single-member LLC, you can have as many employ...
All Single-Member LLCs (disregarded entities) owned by foreigners (non-US persons) must file Form 5472 and Form 1120 each year with the IRS.