The Cherry JournalMAY 2026Foreign Founders
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Form 5472: the $25,000 filing every foreign-owned Delaware LLC must make
If your Delaware LLC has a foreign owner with 25% or more ownership, the IRS requires you to file Form 5472 with a pro-forma Form 1120 every year — even with zero revenue and zero US activity. The penalty for missing a single year is $25,000 per entity. Here’s exactly how it works.
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Foreign Founders
№ 09Editor's note
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Delaware franchise tax math, explained line by line
- 02
Multi-state nexus: the four signals that trigger it
- 03
BOI / FinCEN beneficial-ownership for foreign founders