Hi,
I'm currently on H1-B and want to build an online store business (to sell customized items). I have a US citizen partner.
My questions are:
1) Since it's a small store (with some small production site to facilitate custom orders), what are the best option? S Corp, C Corp, LLC, etc.? I don't think we'll ever have any stocks to release. I mean, it's a store after all....
2) Since we don't have a lot of capital to begin with, the only people working in the store would be just me and my partner (we will hire more employees once we have enough profit to do so). Is it okay not to invest a lot of capital to be eligible for me to run the business? If I'm not on payroll (only profit), is it okay? If not, what are the alternatives?
3) Is it better for me to drop the H1-B then change my status to get whatever type-of-visa in order to make this work? Or should I hold on into the H1-B?
4) Out all of the option available, which one is the best / most convenient to apply for green card? In terms of shortest-time, conveniency etc...
Any help is appreciated. Thanks in advance.
I'm currently on H1-B and want to build an online store business (to sell customized items). I have a US citizen partner.
My questions are:
1) Since it's a small store (with some small production site to facilitate custom orders), what are the best option? S Corp, C Corp, LLC, etc.? I don't think we'll ever have any stocks to release. I mean, it's a store after all....
2) Since we don't have a lot of capital to begin with, the only people working in the store would be just me and my partner (we will hire more employees once we have enough profit to do so). Is it okay not to invest a lot of capital to be eligible for me to run the business? If I'm not on payroll (only profit), is it okay? If not, what are the alternatives?
3) Is it better for me to drop the H1-B then change my status to get whatever type-of-visa in order to make this work? Or should I hold on into the H1-B?
4) Out all of the option available, which one is the best / most convenient to apply for green card? In terms of shortest-time, conveniency etc...
Any help is appreciated. Thanks in advance.