If you’re a non-U.S. person owning a Single-Member LLC (SMLLC) in Texas, you have two compliance fronts: IRS reporting under Form 5472 and Texas Franchise Tax requirements. Missing either can lead to steep penalties or business forfeiture. Here’s what every foreign owner needs to know in 2025. What is a Foreign-Owned SMLLC? A foreign-owned SMLLC […]