What does the Lovie plan include?

Formation is $29 one-time and includes your LLC or C-Corp prepared and submitted, post-incorporation documents (bylaws, operating agreement, stock purchase agreement and more), AI-guided formation, a real-time dashboard, and priority support. Registered agent service with digital mail scan & forwarding is priced separately at $79/year ($49/year in Wyoming). State filing fees are billed separately and paid directly to your state.

Can I really form a company from my IDE?

Yes. Lovie is a Model Context Protocol (MCP) tool — it connects to Claude Code, Cursor, Manus, Replit, or any MCP-compatible editor. You type natural-language commands, answer a few questions, and your LLC or C-Corp is filed. You can also use our open-source CLI: npx create-llc.

How does billing work?

Formation is a one-time $29 charge — no subscription. Registered agent service is billed annually at $79/year ($49/year in Wyoming) and is priced separately. State filing fees are billed separately and paid directly to your state.

Can I trust AI with company formation?

Lovie uses state-verified legal templates — the same standard forms used by traditional filing services. AI handles data entry, validation, and workflow automation — not legal judgment calls. You review and approve every document before submission.

What is the LLC-to-C-Corp conversion?

You launch lean as an LLC, then convert to a Delaware C-Corp when raising VC. LLC-to-C-Corp conversion through Lovie is coming soon.

How long does state processing take?

Delaware typically processes within 1-3 business days. Wyoming often processes same-day. Lovie submits your filing as soon as you approve it — we add zero delays on our end.

No. We automate company formation filings as a technology platform. We handle filings — not legal counsel. Consult a licensed attorney for personalized legal advice.

Foreign-Owned LLC Tax Filing

Form 5472 Pro-Forma 1120 for Foreign-Owned LLCs

Form 5472 pro-forma 1120 filing can apply to a foreign-owned U.S. single-member LLC even when it owes no U.S. income tax. The controlling questions are the LLC's federal tax classification and whether it had a reportable transaction with its foreign owner or another related party.

Key entity facts

Core filing: Form 5472 attached to a pro-forma Form 1120
Typical filer: Foreign-owned U.S. disregarded entity with a reportable related-party transaction
Electronic filing: Not available for this foreign-owned disregarded-entity filing
Failure-to-file penalty: $25,000, with additional penalties after continued noncompliance

Does a foreign-owned single-member LLC file Form 5472?

Yes, when a foreign-owned U.S. single-member LLC treated as a disregarded entity has a reportable transaction with its foreign owner or another related party, it generally files Form 5472 attached to a pro-forma Form 1120. The filing can apply even when the LLC owes no federal income tax.

Confirm that the U.S. LLC is wholly foreign-owned and disregarded for federal income tax purposes.
Capture owner contributions, distributions, loans, payments, and other covered related-party transactions.
File the information return by the Form 1120 due date or submit Form 7004 by the regular deadline.

What the pro-forma return actually includes

The IRS treats a foreign-owned U.S. disregarded entity as separate only for the reporting rules under section 6038A. Its pro-forma Form 1120 is therefore narrow: the IRS instructions require the entity name and address plus items B and E on page one, with Form 5472 attached. Write “Foreign-owned U.S. DE” across the top.

The filing is not a substitute for any income-tax return that the foreign owner may owe. Entity classification, U.S. trade or business activity, effectively connected income, treaty positions, payroll, and state obligations can create separate filings. A cross-border tax professional should review the complete fact pattern.

Which owner transactions belong in the records

Form 5472 covers reportable transactions with related parties. For a foreign-owned disregarded LLC, records should distinguish capital contributed by the owner, money distributed back to the owner, loans, reimbursements, service payments, property transfers, formation costs paid personally, and other monetary or nonmonetary exchanges.

Keep a dated ledger and source evidence rather than reconstructing the year at the deadline. Lovie can organize formation records and entity milestones, but tax classification and return preparation should be confirmed with a qualified adviser.

Entity formation certificate, operating agreement, and EIN confirmation
Owner contribution, distribution, loan, and reimbursement records
Invoices, contracts, bank statements, and intercompany documentation

How and where the IRS says to file

The current IRS instructions direct foreign-owned U.S. disregarded entities to fax the package to 855-887-7737 or mail it to the dedicated PIN Unit in Ogden, Utah. These filers cannot electronically file Form 5472. The instructions also allow an extension through Form 7004 when filed by the regular due date.

The base penalty for a missing, late, or substantially incomplete Form 5472 is $25,000. Additional $25,000 increments can apply after the failure continues more than 90 days following an IRS notice. Do not treat a zero-revenue year as proof that no filing is required.

Founder questions

Does zero revenue eliminate Form 5472 filing?

No. Revenue is not the only trigger. Owner funding, distributions, formation payments, loans, and other related-party transactions may be reportable even when the LLC generated no revenue.

Can a foreign-owned disregarded LLC e-file this package?

No. Current IRS instructions state that a foreign-owned U.S. disregarded entity cannot electronically file Form 5472 and its pro-forma Form 1120.

Is Form 5472 the LLC's income-tax return?

Not by itself. It is an information return attached to a limited pro-forma Form 1120 for this filer type. Other federal, state, or owner-level tax returns may still apply.

Primary sources

Lovie is not a law firm, accounting firm, bank, or tax adviser. This material is general information and does not replace advice for your facts or an institution's current application policy.