US LLC Annual Compliance for Indian Founders
Schedule FA on the Indian Income Tax Return is mandatory for any Indian resident holding any foreign asset at any point during the financial year, with Black Money Act 2015 Section 43 penalty reaching INR 10 lakh per default. Combined with Form 5472 (USD 25,000 per failure) on the US side, the annual filing footprint runs to five US-side touchpoints plus four India-side filings.
A US LLC owned by a non-US resident sits in two compliance regimes simultaneously: the US federal + state filings (Form 5472, BOI, annual report, registered agent renewal) and the home-country reporting layer (FEMA Form A2, SAFE registration, FBAR if a US person, etc.). The compliance calendar and the registered-agent options below cover the US side; the cross-border layer below covers what the home country sees.
Annual Compliance options for Indian founders
Live affiliate state · last verified 2026-05-20
Registered agent service in all 50 states with free mail forwarding and privacy protection.
Managed registered agent and annual report filing with proactive compliance monitoring across all states.
US LLC formation with EIN, registered agent, and bookkeeping add-ons for global founders.
India cross-border compliance layer
US-side annual compliance for a non-US-resident Indian founder's US LLC operates on a five-touchpoint calendar. Form 5472 with a pro-forma Form 1120 is due by April 15 (or June 15 for foreign owners with no US trade or business), with a USD 25,000 penalty per failure under IRC Section 6038A. State annual reports / franchise tax follow state-specific schedules (Delaware June 1; Wyoming first day of anniversary month; Florida May 1; California April 15 with USD 800 minimum franchise tax). The federal BOI report under the Corporate Transparency Act (31 CFR § 1010.380) sits in active litigation as of 2026 Q2 — for entities formed pre-2024 the original January 1 2025 deadline was paused by FinCEN under the March 2025 interim final rule limiting BOI reporting to certain foreign reporting companies. Registered-agent renewal is annual through the formation provider.
The India-side compliance layer for an Indian-resident US LLC owner runs in parallel. The Annual Performance Report (APR) under FEMA ODI regulations is due to RBI by December 31 covering the calendar year, filed via the Authorized Dealer bank. Schedule FA on the Indian Income Tax Return (ITR-2 or ITR-3 depending on income source) is mandatory for any Indian resident holding any foreign asset at any point during the financial year — penalty under Section 43 of the Black Money Act 2015 reaches INR 10 lakh per default. The Foreign Liabilities and Assets (FLA) Return is due to RBI by July 15 each year for Indian residents with overseas direct investment of 10% or more. GST registration triggers only if the founder also bills Indian clients through the US LLC, which is a structurally separate question.
Enforcement coordination between Indian and US authorities runs through the India-US Income Tax Treaty (1989) Article 28 Exchange of Information and FATCA Inter-Governmental Agreement (Model 1, signed 2015).
Last verified 2026-05-20.
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