luissanchez13
Registered Users (C)
Dear all
I have been obseving JoeF's answers for sometime now.I was begining to get this feeling that he is getting almost a sadistic kick in telling people that they cannot do business in USA.
So, i decided to spend some money($500 for 1 hour) and get an expert opinion.I hired the services of Mr.Sutton (www.sutlaw.com), a corporate attorney and Mr.Gamboa, an immigration attorney and literally picked their brains.The lawyers asked me what is it that i desired to do.I told them, i am on H1 visa and i would like to use my spare time to earn some money.
They explained me that america is a capitalistic country and not a socialistic country like india where the police are always trying to use a loopholes in the law to extort money(Rishwat) from ordinary people.Here, the police or IRS wont go after you because you are running a business but will go after you for tax evasion.Its a free country and you have to deal with the consequences of your own free decisions.Since i am spending 6 years in this country, i need to focus on earning money in as many ways as possible.Just because i am here on H1 does not mean, i have to give up other things.THE POINT TO REMEMBER IS NOT TO VIOLATE THE RULES OF WHATEVER VISA WE ARE ON LIKE F1,H1.If we are on F1,we need to be enrolled in a college.If we are on H1, we need to be gainfully employed and paid according to the visa petition.
After we meet those requirements,if we feel like going to the local church(which maybe setup as a trust) and volunteer to do some work or go and offer to do some work for a local start up company, whats wrong in that.The only thing is we should not accept any salary.And what if that company or trust happens to be our Nevada Trust or LLC?.Nevada state will not share the share holders names with IRS or with anybody, not even FBI.
Anybody in the whole world can start a company in USA and run it from anywhere in the world if they can.They suggested a Nevada LLC for my business which is trading stocks,options etc.
Seeing my fear in being caught about starting a company, they suggested that i can start a Nevada LLC in my fathers name, whose lives in india and volunteer to manage his stocks.All i need is my fathers passport.In fact my father can open an LLC online at www.legalzoom.com and get a USA phone number at Skype.com and have mail forwarded to india by usps.com
The point is there are many creative ways to do business in USA today.They are talking about borderless investing and corporate citizenship.We are letting our fears take over our lives and are missing some great oppertunities that this information age is offering us.
Remember,Robert Kiyosaki(www.richdad.com) says the most expensive advice is the free advice. Please dont listen to people like JoeF who may have some bad experiences in the past and have made it a mission to tell everybody.He may have good intentions, but my guess is he has become pessimistic(often called as bears in stock market).All they see is why we cant do this or why the stock wont go up.You guys who are trying to do something for yourself and your families are optimisits or Bulls.But in the real wolrd we need to be realists or eagles (national bird of USA).
This is not to attack Mr.JoeF but to encourage creative people from falling prey to the bears.Please find out the truth from professionals and feel free to ask me any questions.thanks
I have been obseving JoeF's answers for sometime now.I was begining to get this feeling that he is getting almost a sadistic kick in telling people that they cannot do business in USA.
So, i decided to spend some money($500 for 1 hour) and get an expert opinion.I hired the services of Mr.Sutton (www.sutlaw.com), a corporate attorney and Mr.Gamboa, an immigration attorney and literally picked their brains.The lawyers asked me what is it that i desired to do.I told them, i am on H1 visa and i would like to use my spare time to earn some money.
They explained me that america is a capitalistic country and not a socialistic country like india where the police are always trying to use a loopholes in the law to extort money(Rishwat) from ordinary people.Here, the police or IRS wont go after you because you are running a business but will go after you for tax evasion.Its a free country and you have to deal with the consequences of your own free decisions.Since i am spending 6 years in this country, i need to focus on earning money in as many ways as possible.Just because i am here on H1 does not mean, i have to give up other things.THE POINT TO REMEMBER IS NOT TO VIOLATE THE RULES OF WHATEVER VISA WE ARE ON LIKE F1,H1.If we are on F1,we need to be enrolled in a college.If we are on H1, we need to be gainfully employed and paid according to the visa petition.
After we meet those requirements,if we feel like going to the local church(which maybe setup as a trust) and volunteer to do some work or go and offer to do some work for a local start up company, whats wrong in that.The only thing is we should not accept any salary.And what if that company or trust happens to be our Nevada Trust or LLC?.Nevada state will not share the share holders names with IRS or with anybody, not even FBI.
Anybody in the whole world can start a company in USA and run it from anywhere in the world if they can.They suggested a Nevada LLC for my business which is trading stocks,options etc.
Seeing my fear in being caught about starting a company, they suggested that i can start a Nevada LLC in my fathers name, whose lives in india and volunteer to manage his stocks.All i need is my fathers passport.In fact my father can open an LLC online at www.legalzoom.com and get a USA phone number at Skype.com and have mail forwarded to india by usps.com
The point is there are many creative ways to do business in USA today.They are talking about borderless investing and corporate citizenship.We are letting our fears take over our lives and are missing some great oppertunities that this information age is offering us.
Remember,Robert Kiyosaki(www.richdad.com) says the most expensive advice is the free advice. Please dont listen to people like JoeF who may have some bad experiences in the past and have made it a mission to tell everybody.He may have good intentions, but my guess is he has become pessimistic(often called as bears in stock market).All they see is why we cant do this or why the stock wont go up.You guys who are trying to do something for yourself and your families are optimisits or Bulls.But in the real wolrd we need to be realists or eagles (national bird of USA).
This is not to attack Mr.JoeF but to encourage creative people from falling prey to the bears.Please find out the truth from professionals and feel free to ask me any questions.thanks
