I am in the
a). Would the LLC cause any issues with the GC Process – considering the fact that profits of the LLC are passed through to the owners and would reflect on my IRS returns? On an H1, I am only suppose to have active income from my employer (who sponsored my H1)
b). Would treating the profits from the LLC as C-Corp (by filing IRS Form 8832) alleviate the above issue?
---Andrew PS - Here's a free report on creating your startup success. Free report
My case could be interesting and motivating to you.
Theory: US wel-come employement creation. If you demonstrate your intention well. There is no harm, even legally. Infact you will be given Red-Carpet wel-come.
I started my own company in 2001 in India. I got a client in US in 2004. Needed to travel to US in Aug-2004. Only option I had was travel on H1B with my client sponsoring H1B. He did and I came.
Started my company in US in 2006. Leased space etc. It is in Business legally for the last one year in US. And 6 year in India. I filed tax - So nor IRS issue.
Last week I got my L1A - So no USCIS issue. I supported and submitted all my documents with my intention to do business in US.
Offcourse: when you start a company in US, you are not authorized to take salary and be active in business. However, you can do with help of GC holder/Citizen. (As an entrepreanure you need to have this capabilities :)).
go with "there are no barriers, only bridges".
Thanks a lot for information, After your answers I have done research about C-corp. I am green card holder and my future business partner is H1B. He is planning to stay as passive investor in our start up. I have question, if anyone can reply to this will be great h elp.
Can he get tax benefits on whatever expenses he make to run company, like flying, foods, entertainment ?
---George André www.codeness.com Attention to details
Thanks for the information,
I need an additional information to the last post. I have a similar situation. I am a green card. My friend in H1B.. We are starting C corp which means he will be a passive investor. Now he works for a company and earns income from that company (say 80000). Now if say he invests 10000$ in the company can he get tax benefits for that 10000$?
If you are working currently in US on a H1-B visa, You CAN start a business (a C corp) just like any other, as long as YOU DO NOT work for that company. You can only work for the company that sponsored your H1B and only the kind of work specified in the petition. There is no deviation of any kind to this rule.
here is my question :)
I am coming with H1B visa soon, I'll be working in Dallas.
I'll be working only 3 days a week. Here at home, besides my work, I have a photostudio, which I run on weekends and usually I shoot rockconcerts in the evening after work. So I was thinking - is it possible on H1B visa, to open a small company and work in it as a photographer (which is totally different from the job I'll be doing for the sponsor company). And my husband will come with an H4 visa I think, can I appoint him as a CEO? Or if I can't open a company and work for it, can I work as a freelance photographer and where do I register that, because I'll have to pay taxes?
I'm in the exact same case as trevohay : I was on a student visa (F1), and now I'm on OPT, which is like a one year extension of the student visa, allowing me to work for any employer.
I believe I can create a company, even a LLC and be active in it, since with an OPT I'm not bound to one company like it is the case with a H1-B.
So my main concern is to know whether or not, once my company founded, I can sponsor myself for a H1-B.
I'd really appreciate some help on this. And thanks for the previous answers, it was very interesting.
Can anybody please answer the following questions. I really appreciate your help and time in advance.
1) I know that we can start a company on H1b but I have to hire some body to work for the company. In this case how can I pay her/him salary as I cannot sign the paychecks.
2) Can I keep any restrictions(in issuing checks) on the person I hired?
3) As I am planning to start a consulting company can I sign the NDA,contracts,invoices..etc?
Thanks & Regards
This has been a burning question for a while. Appreciate any information or directions in this regard.
Is it possible for a person who is currently working on H1B visa in USA to start a business on his own? On searching for this topic, I found different answers on various forums, some say it is quite possible to start and run a business, while some warn that it is not possible.
Can a person who is currently on H1B, add Google Adsense to his blog and make some additional income?
Thank you verymuch in advance for any answers or directions on this topic.
Thanks for your inputs. I have been working in USA for almost 3 years, and as far as I know I would be an alien resident, till green card (lawful permanent residency) is issued.
I am planning to talk to an Immigration attorney to get more clarity on my options to start a business while still working on my H1 at another company.