starting a new business

[AGC2004]

I have GC and I like to start a IT development company in US register under my wife's name (now she is having EID) experts kindly suggest the procedures/steps involved in starting a new business.
what I know is

register the company?
question : how to do that, how much it cost.

account keeping.
question : is there any agency for this CPA activities? how much it cost.

what are the other procedures involved in that.

Appreciate any sort of info. so feel free for the suggestion.

Mike.

 

[ajiabs]

Hi,
Starting a business is not scary as it sounds, if you know what you are doing. The first thing would be check out the local community colleges. Most of them offer small business classes and mentoring. Most of these programs are underwritten by SBA, so it is pretty cheap or free.

It is a good idea to read up few books also. To actually do the business you really do not need to register. In some states you might need a DBA license which you can get from the county office. in IL it is $10 per year. registering the company as a Corp or LLC is primarily for tax savings and liability protection than anything. The best place to find an accountant is the local chamber of commerce.

 

[robinlow]

Moving Headoffice into the US

Hi, I was working in the US under a H1B from 1999 - 2003, and I recently started a company and I intend to break into the US market.

My start up capital for my company is US$500,000 and I already invested half of it in my factories in Taiwan and Japan, and some research and patenting of some products.

My situation:
I intend to start an LLC in Massachusetts. (Where I own a house)
I have a DBA company(Sole ownership) in Boston.
I am a Singaporean, currently not in US (travelling around Asia)
I own 50% of this company new company that I want to bring to the US.

I read about the thread that I need US$1MM to sponsor my own GC.

Question:
1) Can I start my company, hire some sales people (within 1 month of my B1 visa) and manage them overseas?

2) When my company through sales own more than $1MM in assets, (factories, products in warehouse, etc) can I get me and my partner a GC?

3) Is there anyway to extend my stay in the US for more than a month at a time? (I'm generally not really that interested in getting the GC, but due to some business planning etc, I just want to have the option to stay longer as getting GC may be troublesome.)

Thank you and best regards.

 

[Tracey]

Robin,

Question:
1) Can I start my company, hire some sales people (within 1 month of my B1 visa) and manage them overseas?

You can. There is no issue with immigration law if the sales people you hire are eligible to work in the United States. If they are not, you need to apply work visas for them.

Question:
2) When my company through sales own more than $1MM in assets, (factories, products in warehouse, etc) can I get me and my partner a GC?

As I understand, you can’t get a GC through a company that you own 5% or more. However you can get yourself a visa (for an investor) if you bring $1M in.

Question:
3) Is there anyway to extend my stay in the US for more than a month at a time? (I'm generally not really that interested in getting the GC, but due to some business planning etc, I just want to have the option to stay longer as getting GC may be troublesome.)

You can get yourself a visa for investment as mentioned about, or you could consider a L visa as well.

Hope it helps, and good luck to you!

Tracey