Recent content by aamizan

If you started an LLC by yourself, then your best choice would be to file Sch. C on your regular tax return. That would be the cheapest and simplest way. If you have other partners, you will need to file a partnership tax return. Unless of course you chose to be taxed as a corporation. In that...

Not worth it. tried it with a restaurant client of mine for a while. Bad ROI

For an S Corp you will need to be a US Citizens or Permanent Resident. Otherwise, you will not get the S Corp selection approved by the IRS. You can own and operate a business in the US as an LLC or as a sole proprietor. No need to form a corporation unless you have a specific reason. I do...

It really depends on: 1) how agreessive you want to be with your tax writeoffs. In practice, the IRS allows slightly more leeway for a well-documented corporate entity in taking writeoffs but if you are sloppy and mix your books, then it really doesn't make a differenece (or it can get even...

The easiest would be to do an LLC and have it taxed as a disregarded entity for tax purposes. I assume you are on an H1B but you meet the substantial presence test, so you'd be filing the 1040 tax return and Schedule C. You cannot do an S Corp because those are limited to US Citizens or Green...