EAD- Scorp or LLC - True or False

[ndp125]

Hello,
So from this is what I found out

Please let me know (if possible with explanation) True or False. Everything with reference to EAD as Green Card is pending Name Check
1)
It seems S-corp is not possible if you are on EAD

2) LLC is possible with EAD

3) C-corp is possible with EAD

4) If LLC is chosen when Green Card is received it, one can retroactively change to S-corp.


Main objective to have a company in partnership with a U.S Citizen and best way is S-corp because I can add more partners or easily modify percentage if required.

Second Option is LLC.

ndp125, State:MA

 

[Dallas03096]

Hello,
So from this is what I found out

Please let me know (if possible with explanation) True or False. Everything with reference to EAD as Green Card is pending Name Check
1)
It seems S-corp is not possible if you are on EAD

That was the impression I got when I started my LLC in 2006 based on my search in this forum and on the internet; but there are other members in this forum who say it is possible to incorporate S-Corp when you are on EAD. Please see this thread: http://boards.immigration.com/showthread.php?t=265686

2) LLC is possible with EAD

True. I have done it

3) C-corp is possible with EAD

True.

4) If LLC is chosen when Green Card is received it, one can retroactively change to S-corp.

My CPA said this was not possible in Texas.

 

[kku]

Business

Dallas,

If you see this mail , I am looking for business oppertunities as Academia pays very low in my case. Do you mind telling what business you are into and if it is profitable.I have no idea about any basics as well as what are the initial steps to be done.
Your help /answers will be highly appreciated.

That was the impression I got when I started my LLC in 2006 based on my search in this forum and on the internet; but there are other members in this forum who say it is possible to incorporate S-Corp when you are on EAD. Please see this thread: http://boards.immigration.com/showthread.php?t=265686

True. I have done it

True.

My CPA said this was not possible in Texas.

 

[Dallas03096]

Dallas,

If you see this mail , I am looking for business oppertunities as Academia pays very low in my case. Do you mind telling what business you are into and if it is profitable.

Info about what I do is available in my website: www.mainfotech.com

I have no idea about any basics as well as what are the initial steps to be done.
Your help /answers will be highly appreciated.

This link may give you some tips: http://www.sba.gov/smallbusinessplanner/plan/index.html

 

[kku]

Thanks Dallas. I am still open to many business ideas. But hopefully will decide by end of this year.

Info about what I do is available in my website: www.mainfotech.com



This link may give you some tips: http://www.sba.gov/smallbusinessplanner/plan/index.html