Resources for international entrepreneurs
Wyoming offers unmatched privacy, zero state income tax, and the lowest annual fees in the US — making it the top choice for non-resident entrepreneurs.
75 articles
Every UK limited company must file annual accounts once a year — even dormant ones. The penalty is automatic, it doubles if you file late two years running, and 'I live abroad' is explicitly not an accepted excuse. Here's the deadline, the penalty ladder, and how non-resident directors stay clear of it.
MP Partner Team
Aug 5, 2026
If your LLC's registered office is in New York, state law gives you 120 days to publish notice of your company in two newspapers — or lose your authority to do business. Here is how the rule really works, why the cost depends on your county, and how non-resident owners avoid the trap.
MP Partner Team
Aug 4, 2026
Every Delaware LLC owes a flat $300 tax by June 1 - with no return to file, it is the deadline non-residents forget. Miss it and a $200 penalty plus 1.5% monthly interest hit at once, your company loses good standing, and after three years it can be cancelled outright. Here is exactly how it works and what to do.
MP Partner Team
Aug 3, 2026
If your US LLC pays designers, developers, or assistants who live and work abroad, you usually don't withhold US tax, file a Form 1042-S, or send a 1099 — but only if you keep the right document. Here is the one rule that decides it, and the W-8BEN that proves it.
MP Partner Team
Aug 3, 2026
From April 2028, every UK company must file its annual accounts through commercial software in iXBRL format. The free Companies House web filing service and the paper route will close for accounts. Here is what non-resident UK company owners need to understand now — and why dormant companies are not exempt.
MP Partner Team
Aug 1, 2026
If your LLC is based in — or registered in — Massachusetts, you owe a $500 annual report every year on your formation anniversary. Here is how the deadline, the fee, and the administrative-dissolution risk really work for non-resident owners.
MP Partner Team
Jul 31, 2026
UK dividend tax rates rose on 6 April 2026 — but a long-standing 'disregarded income' rule can still limit the personal UK tax a non-resident pays on dividends from their own company. Here is how both work, and the trade-off most owners miss.
MP Partner Team
Jul 30, 2026
On 9 June 2026 the UK government confirmed the ECCTA accounts changes for April 2028. Small and micro companies will have to file a profit and loss account, abridged accounts are being scrapped, and filing moves to software-only iXBRL. Here is what non-resident directors should know — including the new opt-out that keeps your numbers off the public register.
MP Partner Team
Jul 29, 2026
Most UK company owners know the 19% and 25% Corporation Tax rates — but between them sits a band where every extra pound of profit is effectively taxed at 26.5%. Here is how marginal relief really works, with a worked example, and the two situations that quietly push more of your profit into the higher band.
MP Partner Team
Jul 28, 2026
Late-payment interest is not a penalty you can appeal — it accrues automatically the day after your deadline, and since April 2025 it has been charged at the Bank of England base rate plus 4% (7.75% as of January 2026). Here is how it works on Corporation Tax and Self Assessment, and how non-resident directors get caught.
MP Partner Team
Jul 27, 2026
Abandoning a dormant UK company doesn't make it vanish — it piles up penalties and can hand your bank balance to the Crown. Here is how to close a UK LTD the right way with form DS01, including the February 2026 fee cut, the bona vacantia trap, and the HMRC steps non-resident directors skip.
MP Partner Team
Jul 26, 2026
Many non-resident founders set up a UK company to sell into the US and assume their taxes stay British. But a UK LTD 'engaged in a US trade or business' may have to file US Form 1120-F — and the 18-month rule can wipe out every deduction if you file late.
MP Partner Team
Jul 25, 2026
Employment Allowance can wipe up to £10,500 off your company's employer National Insurance bill — but if you're the only person on the payroll, HMRC's single-director rule almost certainly blocks you. Here's who qualifies, who doesn't, and how to avoid a claim you'll have to repay.
MP Partner Team
Jul 25, 2026
Many non-resident UK company owners think payroll rules don't apply to them — until a director's salary triggers PAYE, an RTI deadline and an automatic penalty. Here's when you must register, the filing and payment deadlines that catch people out, and when you may not need a PAYE scheme at all.
MP Partner Team
Jul 19, 2026
If two or more foreign owners share a US LLC, the company itself may have to withhold and pay tax on each partner's share of US income before anyone files a personal return. Here is how Section 1446 works, the deadlines, and the penalties for getting it wrong.
MP Partner Team
Jul 18, 2026
Most non-resident LLC owners assume US tax is something you settle once a year when you file. But if you personally owe US income tax and no one is withholding it, the IRS expects you to prepay it in quarterly installments — and the next one is due September 15, 2026. Here is who this actually applies to, how Form 1040-ES (NR) works, and the penalty you can be charged even when you are due a refund.
MP Partner Team
Jul 18, 2026
If you were issued a US ITIN years ago and haven't filed a US tax return since, it may have already expired — and you'll only find out when you actually need it. Here's how the IRS three-year non-use rule works, who among non-resident LLC owners it affects, and how to renew.
MP Partner Team
Jul 15, 2026
Colorado does not send a big annual tax bill, so many non-resident LLC owners assume there is nothing to file. There is: a yearly Periodic Report. Miss the window and a $25 filing becomes $75, then your company slides into “Delinquent” status. Here is exactly how the timeline works.
MP Partner Team
Jul 14, 2026
Since 18 November 2025, identity verification is a legal requirement at Companies House — and for existing UK companies the trigger is the annual confirmation statement. If even one director is unverified, the company cannot file its confirmation statement at all. Here is how the 12-month transition, the personal code, and the PSC 14-day window actually work for non-resident owners.
MP Partner Team
Jul 13, 2026
If your U.S. LLC has two or more owners and one of them isn't American, September 15, 2026 is the extended deadline to file Form 1065. The late penalty runs per partner, per month — even with zero revenue. Here is how the deadline, the $255 penalty, Schedule K-1, and section 1446 withholding on foreign partners actually work.
MP Partner Team
Jul 13, 2026
Making Tax Digital for Income Tax went live on 6 April 2026, and the first quarterly update is due by 7 August 2026. Here is who is caught by the £50,000 threshold, why salary and dividends from your LTD do not count, the year-one penalty soft landing, and the SA109 deferral that gives many non-residents an extra year.
MP Partner Team
Jul 5, 2026
The second Self Assessment payment on account for 2025/26 is due by midnight on 31 July 2026. Here is who has to pay, why the first year feels like a 150% tax bill, what interest a missed payment triggers, and how to legitimately reduce the instalment if your income has fallen.
MP Partner Team
Jul 2, 2026
Many UK directors file a Self Assessment return they never needed — while others who genuinely must miss the 5 October registration deadline and trigger automatic penalties. Here is what HMRC actually requires, and why dividends, not the director title, are what matters.
MP Partner Team
Jun 29, 2026
Pennsylvania replaced its decennial report with a yearly Annual Report, due 30 September for LLCs. 2026 is the last penalty-free year — from 2027, non-filers face administrative dissolution or termination. Here is what non-resident LLC owners need to know.
MP Partner Team
Jun 28, 2026
If your UK company gave you private medical cover, a director's loan, or paid personal costs in 2025/26, you may have a P11D due on 6 July 2026. Here are the deadlines, the 15% Class 1A charge, the penalties — and why the move to payrolling does not let you skip this year.
MP Partner Team
Jun 27, 2026
As a non-resident you are not a “US person,” so the FBAR does not apply to you personally. But your US LLC is a US person in its own right, and if it holds money in an account located outside the United States above $10,000, the company itself may have to file FinCEN Form 114. Here is exactly how the trap works.
MP Partner Team
Jun 27, 2026
Since March 2024, every UK company must give Companies House a private 'registered email address' and confirm its purpose is lawful at each confirmation statement. Here is why non-resident directors who used an unmonitored inbox risk missing critical notices - and even a strike-off.
MP Partner Team
Jun 25, 2026
Most non-resident owners think about the forms their LLC sends to the IRS about itself. Far fewer realize that paying contractors can turn the LLC into the party that must issue tax forms, too. Here is what triggers a Form 1099-NEC, the new $2,000 threshold for 2026, and the W-9 versus W-8BEN distinction that trips up international founders.
MP Partner Team
Jun 24, 2026
A new state-level beneficial ownership rule, the New York LLC Transparency Act, took effect on January 1, 2026. But a last-minute December 2025 veto narrowed it so that only LLCs formed outside the United States must report. If your LLC was formed in any US state, it is exempt — no matter who owns it. Here is exactly who has to file, the deadlines, and why most non-resident owners can breathe easy.
MP Partner Team
Jun 23, 2026
A law signed in July 2025 rolled the Form 1099-K reporting threshold back to more than $20,000 and more than 200 transactions, undoing the planned drop toward $600. Here is what changed, the number that matters now, and why many non-resident LLC owners with a valid W-8 on file should not receive a 1099-K at all.
MP Partner Team
Jun 22, 2026
Most non-resident LLC owners file a W-8BEN or W-8BEN-E once and forget it — but the IRS makes these forms expire after three years, and a lapsed form can trigger a flat 30% US withholding with no treaty relief. Here is how the rule works and how to stay ahead of it.
MP Partner Team
Jun 22, 2026
Companies House now applies an 'appropriate address' test to every UK company's registered office. PO Boxes are out, and an address that fails can be swapped for a default address — and ultimately get your company struck off. Here is what non-resident founders need to check.
MP Partner Team
Jun 18, 2026
From no earlier than November 2026, the agent who files for your UK company must be a registered Authorised Corporate Service Provider (ACSP). Here's what that means for non-resident founders — and why you probably can't be your own agent.
MP Partner Team
Jun 17, 2026
Many non-resident LLC owners think a year with no sales means no Form 5472. The IRS triggers filing on 'reportable transactions' — including the capital you put in and the money you take out. Here's what really counts.
MP Partner Team
Jun 16, 2026
Every New York LLC must publish a formation notice in two county-designated newspapers within 120 days — or its authority to do business is suspended. The state fee is just $50, but the newspaper bill can run into the thousands, especially in Manhattan. Here is what Section 206 really requires, what suspension does (and does not) do, and how to avoid an expensive surprise.
MP Partner Team
Jun 15, 2026
Most Texas LLCs owe no franchise tax — but they still must file a Public Information Report every May 15. Skip it, and your LLC can forfeit its right to do business, exposing the owners to personal liability. Here is exactly what the Texas Comptroller requires in 2026.
MP Partner Team
Jun 14, 2026
Nevada has no state income tax, but every Nevada LLC still owes a $350 Annual List and State Business License renewal each year, due by the last day of your anniversary month. Miss it and you face $175 in penalties, default, and eventually losing your company. Here is exactly how the rule works.
MP Partner Team
Jun 13, 2026
Many non-resident UK company owners move cash out of the business whenever they need it. If that overdrawn director's loan is not cleared within nine months of your year end, your company pays 33.75% Corporation Tax under Section 455 — here is how the rule works and how to avoid it.
MP Partner Team
Jun 12, 2026
Florida charges just $138.75 for the LLC Annual Report, but miss the May 1 deadline by even one minute and a non-waivable $400 late fee is added automatically. Leave it unfiled into late September and your company is administratively dissolved. Here is exactly how the deadline works and what to do if you have already missed it.
MP Partner Team
Jun 11, 2026
Forming a Wyoming LLC is the easy part. Every year you must file an Annual Report and pay a License Tax on your formation anniversary month - and missing it by 60 days can get your company administratively dissolved. Here is exactly what you owe and how to never miss it.
MP Partner Team
Jun 10, 2026
Registering at Companies House does not register your company for Corporation Tax. Once your UK limited company becomes 'active', you have just 3 months to tell HMRC - and missing it is one of the most common, and most avoidable, mistakes new directors make.
MP Partner Team
Jun 9, 2026
If you pushed your foreign-owned US LLC's Form 5472 deadline to October by filing an extension in the spring, the clock is now ticking toward October 15. Here is exactly what the extension does, what it does not do, and the mail-or-fax rules that catch non-resident owners off guard — with the $25,000 penalty waiting on the other side.
MP Partner Team
Jun 8, 2026
Identity verification is now a legal requirement for every UK company director and PSC — but how do you actually complete it when you live outside the UK? A step-by-step walkthrough of GOV.UK One Login, which documents work from abroad, and what to do if your passport is not biometric.
MP Partner Team
Jun 7, 2026
When you got your LLC's EIN, you named a 'responsible party.' If that person ever changes, the IRS gives you just 60 days to file Form 8822-B. There is no direct fine for missing it — but here is why ignoring it can quietly trigger far more expensive penalties.
MP Partner Team
Jun 6, 2026
Missed the April 15 Form 5472 deadline or received an IRS CP215 penalty notice? Here is how the $25,000 penalty works, how it grows if ignored, and the realistic routes to relief — reasonable cause, disputing the notice, and Form 843.
MP Partner Team
Jun 5, 2026
Since 18 November 2025, every PSC of a UK company must verify their identity with Companies House — and provide their personal code within a strict 14-day window that depends on their role. Verifying as a director is not enough. Here is who must act, when, and how to avoid a penalty.
MP Partner Team
Jun 4, 2026
Your LLC's Form 5472 was due in April — but your personal US return, Form 1040-NR, may be due June 15. Here is who must file, how the December 15 extension works, and the 16-month rule that lets the IRS deny every deduction on a late return.
MP Partner Team
Jun 3, 2026
Single-member foreign-owned LLCs file Form 5472. But the moment your US LLC has two or more owners, the rules change completely — it becomes a partnership, files Form 1065, and missing the March 15 deadline triggers a penalty that multiplies by every partner, every month.
MP Partner Team
Jun 2, 2026
California charges every LLC an $800 minimum franchise tax each year, even at zero profit. The old first-year exemption expired at the end of 2023, so LLCs formed in 2024 or later owe it from year one. Here is who pays, the deadlines, the extra fee, and how non-residents avoid the trap.
MP Partner Team
Jun 1, 2026
Since April 2023 the UK has had a 19% and a 25% Corporation Tax rate. But if you control more than one company — even an overseas one — the thresholds that decide your rate are divided between them. Here is how the associated companies rule works and how to avoid an unexpected 25% bill.
MP Partner Team
Jun 1, 2026
Most non-resident LLC owners obsess over the IRS and Form 5472 — and never hear about US state sales tax until a state mails a bill for years of uncollected tax. Here is how economic nexus works after Wayfair, why foreign sellers are not exempt, and what actually triggers a duty to register in 2026.
MP Partner Team
May 29, 2026
Many non-resident founders open a UK LTD, never trade, and assume there is nothing to file. That assumption is one of the most expensive mistakes in UK company compliance. Here is what a dormant company must still do in 2026 — and what happens if it doesn’t.
MP Partner Team
May 29, 2026
A few extra days of US travel each year can quietly turn a non-resident LLC owner into a US tax resident — taxed on worldwide income. Here is how the 183-day weighted formula really works, the days you can exclude, and how Form 8840 (the Closer Connection Exception) protects founders who travel to the US regularly.
MP Partner Team
May 27, 2026
FinCEN's March 2025 interim final rule changed everything: most non-resident founders with US-formed LLCs no longer need to file a BOI report. Here is exactly what shifted, who is still in scope, and what you should keep on file.
MP Partner Team
May 26, 2026
Many UK company owners were told that from April 2027 they would have to file a full profit and loss account and switch to software-only filing. In January 2026, Companies House confirmed that deadline is off. Here is what actually applies now — and which reforms are not paused.
MP Partner Team
May 25, 2026
When a non-resident forms or buys a US LLC, a little-known federal survey — Form BE-13 from the Bureau of Economic Analysis — can fall due within 45 days. Here is who must file, what changed in October 2025, and how to stay compliant.
MP Partner Team
May 25, 2026
Many non-resident sellers assume they only register for UK VAT after passing £90,000 in sales. That threshold is for UK-established businesses. If you are not established in the UK, a different rule applies — and it can require VAT registration from your very first sale.
MP Partner Team
May 25, 2026
A registered agent is an ongoing legal requirement for every US LLC, not a formation-day formality. Here is how a lapsed agent quietly leads to missed state notices, lost good standing, and even default judgments — and how non-resident owners can prevent it.
MP Partner Team
May 20, 2026
Walking away from a US LLC without a formal dissolution leaves your filings open at the IRS and the state — and the penalties keep stacking up. Here is the closing checklist non-resident owners need, with the exact federal and state filings you cannot skip.
MP Partner Team
May 19, 2026
An ITIN is not the same as an EIN, and most non-resident LLC owners don't need one just to run a US LLC. Here's exactly when Form W-7 is required, when it isn't, and what changed in 2026.
MP Partner Team
May 18, 2026
If a US client asks your foreign-owned LLC to fill out a W-9, the IRS rules say you almost certainly shouldn't. Here's exactly which W-8 form you owe them, what to write on each line, and the mistakes that cost non-resident owners the most.
MP Partner Team
May 17, 2026
Every US LLC has a choice about how it is taxed — corporation, partnership, or disregarded entity — made on a single page called Form 8832. Choosing wrong, or missing the 75-day deadline, can lock a non-resident owner into the wrong tax regime for five full years. Here is what the form actually does, when electing C-corp status helps, and when it quietly creates a tax bill you did not owe.
MP Partner Team
May 16, 2026
Most foreign-owned US LLCs assume no US tax is due simply because the owner lives abroad. The IRS test is different — it depends on whether the LLC is engaged in a US trade or business (USTB / ETBUS) and whether the income is effectively connected (ECI). Here is what the IRS actually says, in plain language, for a typical non-resident founder.
MP Partner Team
May 15, 2026
Every UK private limited company must file annual accounts with Companies House AND a Company Tax Return with HMRC — these are separate filings with separate deadlines. Non-resident directors routinely miss one or confuse them. Here are the exact deadlines, the late-filing penalty schedule, what happens to dormant companies, and the steps every non-resident director should take.
MP Partner Team
May 15, 2026
Every Delaware LLC owes a flat $300 annual tax by June 1 - even with zero income or activity. Here is who must pay, what happens if you miss it, and how the penalties and loss of good standing add up.
MP Partner Team
May 14, 2026
You do not need a US Social Security Number to get an EIN for your LLC. Here is the exact IRS process for non-residents — which Form SS-4 lines to complete, how to apply by fax or phone, and how long it takes.
MP Partner Team
May 14, 2026
Identity verification is now a legal requirement for UK company directors — including those who live abroad. Here is exactly who must verify, how to do it from any country, and what happens if you miss the November 2026 deadline.
MP Partner Team
May 14, 2026
Wyoming offers unmatched privacy, zero state income tax, and the lowest annual fees in the US — making it the top choice for non-resident entrepreneurs.
MP Partner Team
Jan 15, 2025
If you own a US LLC as a non-US person, you are required to file IRS Form 5472 every year — or face a $25,000 automatic penalty per violation.
MP Partner Team
Feb 3, 2025
Mercury is the leading online bank for US LLCs owned by non-residents. Learn exactly what documents you need and how to get approved on your first try.
MP Partner Team
Feb 20, 2025
The FinCEN Beneficial Ownership Information Report is now mandatory for most US LLCs. Missing the deadline can cost you $500 per day. Here is everything you need to know.
MP Partner Team
Jan 8, 2025
Choosing between a US LLC and a UK LTD is one of the most important decisions for international entrepreneurs. This comprehensive comparison covers taxes, banking, privacy, and more.
MP Partner Team
Mar 1, 2025
Every UK LTD must file a Confirmation Statement every year. Miss the deadline and your company risks being struck off the register. Here is exactly what to do and when.
MP Partner Team
Feb 10, 2025
Stripe is the most popular payment processor for online businesses. As a non-US resident with a US LLC, you can access Stripe US — here is the exact process to set it up correctly.
MP Partner Team
Mar 10, 2025
New Mexico is one of the only US states that does not require an annual report for LLCs. If you want the cheapest possible US company structure, this guide is for you.
MP Partner Team
Jan 25, 2025
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