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Need Help to open a company in the US with H1B

Discussion in 'Business & Tax Advice' started by hvalentino, Jun 26, 2012.

  1. hvalentino

    hvalentino Registered Member

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    Hey guys thank you so much for step in and try to help me :)
    so this is the case... I'm on H1B working visa and planning to open a company either LLC or S-Corp or something else that will not ruin my status...
    any suggestions from you guys what should I choose?

    Thank you guys!
     
  2. theAngle

    theAngle Junior Member

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    Many people say that LLC's are not good if your intention is to have a future huge investment in your company. But if your biz is going to be a small one without many ambition, then you can go with an LLC. Easy to open.
     
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  3. Comic

    Comic Regular Member

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    I believe you want a Sub Chapter S, it would pass through to you from the C corp. Also, check with an accountant, but there are rules that once you employ over a certain amount of people, instant green card.

    Last I heard that was still the case.
     
  4. reinie

    reinie Elite Member

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    1. Make sure you do not work for your own company, you will loose you H1B
    2. Investments of $500 k in undeveloped areas will give you a green card
    3. Investments of 1Mil in unspecified areas will too, in both cases a number of employment should take place
     
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  5. mackyinc

    mackyinc Newbie

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    LLC is the most flexible
     
  6. aamizan

    aamizan Newbie

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    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 Card holders and because you cannot work for someone else and as an S Corporation, you would have to put at least yourself on payroll based on IRS code.

    If you are planning to have a large investment or operation, you could always do a regular C Corp but that would mean separate books, separate tax returns etc.

    We can help you with this as we do these all the time. Will probably cost around $500 to do depending on the state etc including getting you an EIN and all the other paperwork.

    Please contact us if you are interested.

    Alex.