I read lot of threads related to this topic and undestood quite a lot about the process...thanks to JoeF. So i will be very particular about my question.
Currently my GC in progress. If i start a LLC then i can be just a passive holder, which means i am just a shareholder and the owner. I do already have a website for the business that i intend to do. But it's just an inactive website. My wife also can not work for the company because she is in H4. So my question is :
can i make indian citizens as the CEO, Director and engineers for my company? while the services will be sold in most countries in the world, through the web site, the officials will be in India. Is this a legal and valid business structure?
Do i have to show the dividends i will earn from this operation while filing my taxes?
Thanks
Currently my GC in progress. If i start a LLC then i can be just a passive holder, which means i am just a shareholder and the owner. I do already have a website for the business that i intend to do. But it's just an inactive website. My wife also can not work for the company because she is in H4. So my question is :
can i make indian citizens as the CEO, Director and engineers for my company? while the services will be sold in most countries in the world, through the web site, the officials will be in India. Is this a legal and valid business structure?
Do i have to show the dividends i will earn from this operation while filing my taxes?
Thanks
This way the company won't pay any taxes here in USA and does not have to struggle with foreign employees tax issues. The company will be paying taxes in India. But do i have to report this (any profits or losses) in my tax return? what are other areas, IRS/BCIS will be concerned about?