kasi Posted January 9, 2018 Report Posted January 9, 2018 3 minutes ago, 50Paise said: H1b lo only source of income ne employer nunche ravali dora... investments dwara capital gains ravochu and rental income. Nuvvu youtube star vi ayina super star vi ayina .. income vaste u will be out of status. Period. its not about how u file taxes. period ledu pad ledu not true, you can own a company and get profits from your company Quote
50Paise Posted January 9, 2018 Report Posted January 9, 2018 1 minute ago, kasi said: period ledu pad ledu not true, you can own a company and get profits from your company Profits matrame ravochu ayya.. ts job manesi h1 lo taxlu file chesta antunnadu. Profits matrame vaste it is a passive investment ane kada? Quote
kasi Posted January 9, 2018 Report Posted January 9, 2018 1 minute ago, 50Paise said: Profits matrame ravochu ayya.. ts job manesi h1 lo taxlu file chesta antunnadu. Profits matrame vaste it is a passive investment ane kada? agreed...but you were saying H1B employer can only be the source you income thats what i am saying u can have a secondary income too i think we are on the page, but worded it differently Quote
50Paise Posted January 9, 2018 Report Posted January 9, 2018 Just now, kasi said: agreed...but you were saying H1B employer can only be the source you income thats what i am saying u can have a secondary income too i think we are on the page, but worded it differently Ha adele.. TS replies chusa ala cheppa, only employer payroll lo ne undali ani Na uddesam Quote
Batman_fan Posted January 9, 2018 Report Posted January 9, 2018 Type chese opika ledu, lifted from immi help If you are working currently in US on a H1-B visa, You CAN start a business (a C corp) just like any other, as long as YOU DO NOT work for that company. You can only work for the company that sponsored your H1B and only the kind of work specified in the petition. There is no deviation of any kind to this rule. However, you can establish a company and appoint a director or CEO to run your business. For someone who is just starting the Entrepreneurial dream, it is a serious obstacle. But, the positive side of it is you don't have to kill your dreams or delay. You 'can' participate in some restricted activities of the business, in the role of investor, but certainly not of executive nature. Many Entrepreneurs partner with Permanent Residents and/or citizens to start their businesses. They remain as passive investors in the business, but they can own everything (if desired) about the business and leave all the management to the rest of the team. So if you have a dream and you are serious about it, talk to an attorney to get started. Clarity and a trusted Legal partner are very important to realize the dream of entrepreneurship. I agree it is very expensive to consult a good attorney, but trust me, you will never have enough money to buy peace of mind. Quote
WigsandThighs Posted January 9, 2018 Report Posted January 9, 2018 2 hours ago, Archanaa said: Musaloda this is wrong statement, you can start company on H1 but can’t work for that company This is correct, one of frnds started and about to launch his product 👍🏿 Quote
princeofheaven Posted January 9, 2018 Report Posted January 9, 2018 46 minutes ago, Batman_fan said: Type chese opika ledu, lifted from immi help If you are working currently in US on a H1-B visa, You CAN start a business (a C corp) just like any other, as long as YOU DO NOT work for that company. You can only work for the company that sponsored your H1B and only the kind of work specified in the petition. There is no deviation of any kind to this rule. However, you can establish a company and appoint a director or CEO to run your business. For someone who is just starting the Entrepreneurial dream, it is a serious obstacle. But, the positive side of it is you don't have to kill your dreams or delay. You 'can' participate in some restricted activities of the business, in the role of investor, but certainly not of executive nature. Many Entrepreneurs partner with Permanent Residents and/or citizens to start their businesses. They remain as passive investors in the business, but they can own everything (if desired) about the business and leave all the management to the rest of the team. So if you have a dream and you are serious about it, talk to an attorney to get started. Clarity and a trusted Legal partner are very important to realize the dream of entrepreneurship. I agree it is very expensive to consult a good attorney, but trust me, you will never have enough money to buy peace of mind. what if you are the chief architect developer of the killer app and you have to sit and code can you do that as a passive executive Quote
ParodyPig Posted January 9, 2018 Author Report Posted January 9, 2018 1 hour ago, 50Paise said: Ha adele.. TS replies chusa ala cheppa, only employer payroll lo ne undali ani Na uddesam Understand .. But My point is. neni h1 lo untu adi chestha anadam ledhu... h1 job chiraku dobbutundi.. so i want to go with my hobby as career but wanna stay in uS... adi point bros.. Quote
kasi Posted January 9, 2018 Report Posted January 9, 2018 4 minutes ago, ParodyPig said: Understand .. But My point is. neni h1 lo untu adi chestha anadam ledhu... h1 job chiraku dobbutundi.. so i want to go with my hobby as career but wanna stay in uS... adi point bros.. middle finger ki baggaaaaaaa vaseline poyi frstu....tharvatha em cheyalo nekea automatic ga ardham iypothundhi Quote
gudboy Posted January 9, 2018 Report Posted January 9, 2018 6 minutes ago, ParodyPig said: Understand .. But My point is. neni h1 lo untu adi chestha anadam ledhu... h1 job chiraku dobbutundi.. so i want to go with my hobby as career but wanna stay in uS... adi point bros.. dude if you want to stay in US you have to be on H1 and get paid from your employer which is not a company owned by you or else go to india and start your startup there. Quote
tom bhayya Posted January 9, 2018 Report Posted January 9, 2018 9 minutes ago, ParodyPig said: Understand .. But My point is. neni h1 lo untu adi chestha anadam ledhu... h1 job chiraku dobbutundi.. so i want to go with my hobby as career but wanna stay in uS... adi point bros.. sarey my offer ni modify chestha, indai nundi cheyaku ikkada nundey cheyu mee employer ki taxes kaduthu payroll run cheypinchuko. once you earn 500k go for EB5 Quote
TOM_BHAYYA Posted January 9, 2018 Report Posted January 9, 2018 4 hours ago, ParodyPig said: H1b i have an idea for startup and have everything to up and running business. I can pay myself with my company. How can I trnsfer my h1b to my startup company and file green card myself? thanks Bro.. open H1B Coin.. mem kontam Anna... enni millions supply aina ico lone kontam.. Quote
former Posted January 10, 2018 Report Posted January 10, 2018 https://www.murthy.com/2012/12/17/entrepreneur-h1b-petitions-a-new-option-for-start-up-companies/ Quote
lapakilotupaki Posted January 10, 2018 Report Posted January 10, 2018 See if this can help brother, as I am doing now. We have stared a company 6 years back in India, call it company A. After 5 years we had started same company overseas cost center Company A.US in usa. And last year we started an investment company in usa called Company B which raised some funding in usa and invests in company A in India. Now company B became capital venture which is investing in company A, and company A.US and other companies in usa and india in 5 different growth sectors. I am working for a desi employer on H1B for a client. Not sure where I am going next, can any of these companies sponsor my visa 'YES'. don't call it your company, call it you have some stocks in that company, be independent Director. A board owns the company, you may be premium stock holder but working for that company as an employee. Remember a director also employee. In other ways, you can buy out your own employer company, own 50% of it. So you are an employee of your own company. Just think large, it is possible. But terminology has to be changed Quote
lapakilotupaki Posted January 10, 2018 Report Posted January 10, 2018 Just now, lapakilotupaki said: See if this can help brother, as I am doing now. We have stared a company 6 years back in India, call it company A. After 5 years we had started same company overseas cost center Company A.US in usa. And last year we started an investment company in usa called Company B which raised some funding in usa and invests in company A in India. Now company B became capital venture which is investing in company A, and company A.US and other companies in usa and india in 5 different growth sectors. I am working for a desi employer on H1B for a client. Not sure where I am going next, can any of these companies sponsor my visa 'YES'. don't call it your company, call it you have some stocks in that company, be independent Director. A board owns the company, you may be premium stock holder but working for that company as an employee. Remember a director also employee. In other ways, you can buy out your own employer company, own 50% of it. So you are an employee of your own company. Just think large, it is possible. But terminology has to be changed Just FYI, corporate lawyer and a FEMA lawyer and immigration lawyer are consulted before for the same query. I am not guiding you, these are my own experiences. You cannot quote this as example. Quote
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