Wyoming LLC vs. Delaware LLC: Which is Better for Your Business?

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Does a foreign-owned single-member LLC without ECI need to issue form 1099-NEC to service providers it pays for services?

[@doolaHQ]

No, a foreign-owned single-member LLC without Effectively Connected Income (ECI) generally does not need to issue Form 1099-NEC. The 1099-NEC requirement applies mainly to U.S. businesses making payments for services, but a foreign-owned disregarded entity is not classified as a U.S. person for tax withholding and reporting purposes unless it has ECI. However, consulting a tax professional is always a good idea to ensure compliance.