Hello,
I am currently on a H1B visa and am thinking of getting into a business with a few of my friends.
Questions:
1) Is this possible?
2) If NOT then can a person with H1B become a silent partner and not have any problems?
3) Is it OK to become a partner in a business if the business is in the name of a US citizen?
4) What are the legal and Tax implications?
Please can somebody help?
Regards.
I am currently on a H1B visa and am thinking of getting into a business with a few of my friends.
Questions:
1) Is this possible?
2) If NOT then can a person with H1B become a silent partner and not have any problems?
3) Is it OK to become a partner in a business if the business is in the name of a US citizen?
4) What are the legal and Tax implications?
Please can somebody help?
Regards.