First, what fits into the passive investor criteria? :confused:
Second, if I am a passive investor for a company, how should I file a tax return if there's a profit or loss at the year end? :confused:
Please help
Thank you
Well... if it's possible, I was planning to not have me on there as passive investor but instead have my sister as the investor, who will run the business oversea for the US company. I am basically opt-out and give her the opptunity instead. It's a online business, which will not matter for the...
First, I know that with H1B visa can form a LLC but cannot work for it at all due to the work authorization from INS.
All I can do is treated myself as "passive investor"; however, what fits into the passive investor criteria? Do I just basically invest with $ and get the dividend at the year...
Can I invest in a LLC that my friends and I are going to form soon without violate the H1B laws?
As i know, I can only work for the LLC who sponser me to have the H1B visa.
And, as H1B holder cannot have any other source of income other than the sponser. Is this correct?
I was thinking...
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