Doing Business on B1/B2, presently in L1A

[supersunny]

I am on L1A as an executive,but doing my own business ( imports & wholesale )with 3 name sake employees but paying their taxes,social etc just to extend L1 status & stay current on L1. my L1A will expire in december 07.
i am thinking not to go for extention due to heavy cost of running business by way of taxes, office expences, employees's taxes etc. The business is in the same name in which petition was filed.

I can run business my self from US home by coming to US 3-4 times a year on B1/B2 visa, this will give a big relief from heavy expences which i have to incurr every month at present for L1 status. 3-4 trips to US from India will work for my business, say each trip would be for apprx. 1 month.

I have a home, car, several credit cards and business line of credit. i would like to keep everything the way it is now. Being an executive presently i am drawing salary and paying all my personal expences, credit cards.

would any one please advise if you see any problems in going this way.is it unlawful.

I will not draw any money or get paid in US, Money will come form our overseas company to pay all US expences.
if I am thinking wrong, please say why & what is the best option I have to cut down my expenses but keeping my business running at very minimum monthly expenses.

Please respond if someone is in the same boat where i am.

your views will truly help me to plan my next step.

 

[great guru]

You do not have to have L1 to run any business. If you want to go for payroll in your company you need L1 or H1.

With B1 you can run your business. But so salary to be taken from the business, but can take profits. There are several agency over here to take care of day to day business if you need it.

I am on L1A as an executive,but doing my own business ( imports & wholesale )with 3 name sake employees but paying their taxes,social etc just to extend L1 status & stay current on L1. my L1A will expire in december 07.
i am thinking not to go for extention due to heavy cost of running business by way of taxes, office expences, employees's taxes etc. The business is in the same name in which petition was filed.

I can run business my self from US home by coming to US 3-4 times a year on B1/B2 visa, this will give a big relief from heavy expences which i have to incurr every month at present for L1 status. 3-4 trips to US from India will work for my business, say each trip would be for apprx. 1 month.

I have a home, car, several credit cards and business line of credit. i would like to keep everything the way it is now. Being an executive presently i am drawing salary and paying all my personal expences, credit cards.

would any one please advise if you see any problems in going this way.is it unlawful.

I will not draw any money or get paid in US, Money will come form our overseas company to pay all US expences.
if I am thinking wrong, please say why & what is the best option I have to cut down my expenses but keeping my business running at very minimum monthly expenses.

Please respond if someone is in the same boat where i am.

your views will truly help me to plan my next step.