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#1
25th August 2005, 09:55 PM
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Can i be an owner of corp in US and also in India
With the help of my cpa I have just incorporated in the US. Now I would like to incorporate in India. Is it a good idea to be Presidents of both the corporation or let my brother or one of my friend be the CEO of corporation I am starting in India.
Does this really matter ? Pl offer your feedback on this aspect
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~~~~~~~~~~~~~~~~~~~~~~ 485 ND 5/12/2003 485 RD 5/8/2003 140 AD 9/3/2003 FP1 4/21/2004 485 AD 9/15/2004 
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#2
26th August 2005, 11:13 PM
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Thanks buddy
Hi ****,
Thanks very much for your response. My Dad has agreed to be the owner of the corp in India and my Brother will lead the operations there. Do you mean if I earn an income in India from the profits, I gotta report them on tax returns here. If yes.......then do I pay tax on this income here or in India. Is it that I just report this extra income, but pay taxes in India. Thanks again for all the help you have rendered with my queries. _gcexpress
__________________
~~~~~~~~~~~~~~~~~~~~~~ 485 ND 5/12/2003 485 RD 5/8/2003 140 AD 9/3/2003 FP1 4/21/2004 485 AD 9/15/2004
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