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It is a preferable ownership structure because of its flexibility in % in ownership and corporate formalities, i.e., there are no corporate minutes to hold unless you treat the LLC as a "C" corporation.

All LLCs, including those formed before 2018, will need to obtain an EIN after formation, and to do so will need to designate a Responsible Person and keep track of members and LLCs financial transactions and are required to file Form 5472.

After an LLC is dissolved/canceled/liquidated, it must file a final Form 5472, including any distribution of assets to its sole member.

If the LLC changes status by electing to be treated as a corporation, or adding members and thereby becoming a partnership, it still must file a final Form 5472.

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Are you looking for an one night stand in your area?If it is, you must register to collect sales tax or pay use tax.Revenue provides a partial list of business activities that are taxable.Sales tax is added to the price of the taxable goods or service and collected from the purchaser at the time of sale.For example, you sell on ebay or etsy retail items such as shoes. Before you begin business in Florida, you must first find out if your business activity or products used will be subject to sales or use tax.Also, if one foreign person owns more than one disregarded LLC, each LLC will report individually the transactions.

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