[Verse 1]
When your Delaware LLC spans across the sea
Foreign-owned and managed by a non-resident, free
You might think the US tax will always apply
But there's a scenario where you can say goodbye
[Chorus]
No US trade or business running on American ground
No services performed where Uncle Sam can be found
All your income earned outside the border line
No US source FDAP coming down the pipeline
When these four align, your tax burden's zero
But don't forget the forms, be a filing hero
[Verse 2]
Picture this: your business operates overseas
Manufacturing, selling, profits flowing with ease
No employees working on American soil
No contracts signed where US laws might spoil
[Chorus]
No US trade or business running on American ground
No services performed where Uncle Sam can be found
All your income earned outside the border line
No US source FDAP coming down the pipeline
When these four align, your tax burden's zero
But don't forget the forms, be a filing hero
[Bridge]
FDAP means fixed determinable annual periodic
Dividends, interest, rents that are US-specific
Even when your tax liability is none
Form fifty-four seventy-two must still get done
[Verse 3]
Reportable transactions trigger filing rules
Even zero-tax entities must follow the tools
Information returns keep the system clear
Transparency matters year after year
[Final Chorus]
No US trade or business running on American ground
No services performed where Uncle Sam can be found
All your income earned outside the border line
No US source FDAP coming down the pipeline
When these four align, your tax burden's zero
But file that fifty-four seventy-two, be a compliance hero
[Outro]
Delaware LLC with foreign management style
Zero US tax but forms still pile
Remember the four rules, keep them in mind
Proper compliance keeps you legally aligned