BookMyLLC Blog & Knowledge Center

LLC vs sole proprietorship comparison. Liability protection, taxes, costs, and when to upgrade from sole proprietor to LLC.

Annual report and franchise tax deadlines for 2026 in Wyoming, Delaware, Florida, Texas, California and more, with state fees and what happens if you miss one.

Self-employment tax explained: the 15.3 percent rate, the Social Security wage base by year, how it applies to LLC owners and why many non-US owners do not pay it.

How to form a Delaware LLC as a non-US founder: state fees, the annual tax due each June, registered agent rules, privacy, investors and common mistakes.

How the IRS taxes an LLC: disregarded entity, partnership, C-Corp or S-Corp election, plus the extra rules for foreign owners and the state taxes that add up.

A practical guide to forming a Wyoming LLC as a non-US founder: costs, filing steps, privacy, the annual report, taxes and the mistakes to avoid.

How to pay yourself from an LLC: owner draws, distributions, salary under an S-corp election, payroll tax rates, and what changes for non-US owners.

Wyoming, Delaware and New Mexico compared with Florida, Texas, Nevada and California on 2026 state fees, yearly costs, privacy and fit for non-US founders.

What the Corporate Transparency Act required, how FinCEN narrowed it in 2025 and 2026, and which companies still file a beneficial ownership report today.