Hello gurus,
I have some questions regarding business while on H1b. Me and my brother are planning to open an import/export company in US. I am onH1b and my brother is a permanent resident.
1. I am aware that I can not get any income from source other than where I have my work authorization which is H1b petitioner. I think it clearly excludes me from being a partner in S corp. But I have seem posts mentioning of LLC being acceptable for H1b holder. How is this possible? Aren't those both filed the same way for tax purposes? Income from company added to the individuals income?
2. If it is a problem in including me as a partner, Is there a way my business related travel expences are paid by the company? I will not be expecting any income or profit, but if I travel to India 4-5 times for the company can the company pay for tickets from it's account and not give me any profit or salary?
Thanks,
Prasad
I have some questions regarding business while on H1b. Me and my brother are planning to open an import/export company in US. I am onH1b and my brother is a permanent resident.
1. I am aware that I can not get any income from source other than where I have my work authorization which is H1b petitioner. I think it clearly excludes me from being a partner in S corp. But I have seem posts mentioning of LLC being acceptable for H1b holder. How is this possible? Aren't those both filed the same way for tax purposes? Income from company added to the individuals income?
2. If it is a problem in including me as a partner, Is there a way my business related travel expences are paid by the company? I will not be expecting any income or profit, but if I travel to India 4-5 times for the company can the company pay for tickets from it's account and not give me any profit or salary?
Thanks,
Prasad
Last edited by a moderator: