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Dear Scott and Bree,
You both have provided very valuable advices and I would appreciate it if you could help me in my matter.I am currently on h-1b visa and seeking to establish a consulting firm(LLC) taxed as a C corporation based on the discussions and feedback from various people.I understand I can only be a passive investor and cannot have an active involvement so I will be 94% of stockholder and 6% would be my brother who resides back home.As my business willbe conducted over the phone and mostly online I am thinking of incorporating it in Nevada due to maximum privacy and tax benefits.I would have authority for signatures and debit card for bank account.Is there any way to withdraw money other than issuing dividends that won`t result in violation of my status!
Such as
1) Withdrawing money directly from company`s debit card
2)Put expenses and use that money for personal expenses
3) Nevada does not communicate to IRS just so write a check on my name
Please advice