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Minimal flat-vector illustration in Taxly green and ink representing business compliance, for the article "What is franchise tax for an LLC?".
Compliance

What is franchise tax for an LLC?

Franchise tax is a fee for the privilege of existing in a state β€” not a tax on income. It varies wildly: CA charges $800, Wyoming charges nothing.

The Taxly team 5 min read
Minimal flat-vector illustration in Taxly green and ink representing business compliance, for the article "What late filing penalties really cost".
Compliance

What late filing penalties really cost

A cross-border roundup of what missing a deadline actually costs β€” from a $25,000 Form 5472 penalty to UK Companies House and HMRC late fees.

The Taxly team 5 min read
US LLCs

Single-member vs multi-member LLC for non-residents

The IRS taxes a one-owner LLC and a two-owner LLC completely differently. Here's what changes for foreign owners β€” filings, banking, and when to add a partner.

The Taxly team 5 min read
US LLCs

How to open a US business bank account as a non-resident

You can open a US business account from abroad without flying in. Here's what you actually need, which providers say yes, and why applications get rejected.

The Taxly team 5 min read
Tax filing

US LLC taxes for non-residents, explained

A foreign-owned US LLC doesn't automatically owe US tax β€” it turns on whether you have effectively connected income. Here's the real mechanism.

The Taxly team 5 min read
Minimal flat-vector illustration in Taxly green and ink representing cross-border founder guide, for the article "UK Ltd vs US LLC: which should you form?".
Guides

UK Ltd vs US LLC: which should you form?

A decision guide for cross-border founders choosing between a US LLC and a UK Ltd β€” taxes, banking, Stripe, reputation, cost, and admin compared.

The Taxly team 5 min read
US LLCs

Do you need a US address to start an LLC?

No β€” you don't need your own US address to form an LLC. Here's what a registered agent address, a mailing address, and your home address each actually do.

The Taxly team 5 min read
Compliance

The BOI report: what foreign-owned LLCs need to know

Beneficial ownership reporting to FinCEN changed a lot in 2025. Here's what the BOI report is, who counts as an owner, and what foreign-owned LLCs file now.

The Taxly team 4 min read
US LLCs

LLC vs C-corp: which is right for non-resident founders

An LLC is simpler and pass-through; a C-corp is what VCs and stock options need. Here's the honest trade-off for non-resident founders and who each one suits.

The Taxly team 5 min read

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