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Subject:
F1(OPT)/H1B runs a sole proprietorship w/o revenue in CA, USA
Category: Relationships and Society > Law Asked by: armonicos-ga List Price: $25.00 |
Posted:
29 May 2006 00:52 PDT
Expires: 03 Jul 2006 13:14 PDT Question ID: 733258 |
I've read the recently answered question: H1B opens a business in the USA http://answers.google.com/answers/threadview?id=731971 My concerns are slightly different and I would like to know if the following operations are legal and feasible: 1. My sole proprietorship will be always zero revenue. 2. As the owner of my business, I myself purchase assets and claim expenses under my business. (Will I be considered an "active role" in my business, and therefore violet my visa status?) 3. Assumed 2. is legal and feasible, I use a business credit card to pay the bills of my business and access the benefit of my business card. 4. Will I save total taxes by running such a sole proprietorship? How? I would like to do something after work for fun such as a free web tool, a free script, or a freeware. I don't intend to make any profit from it but I want to make my recreation less expensive or help save some money. And last quick question: Is it correct that I don't have to file any document (in CA, USA) to start a sole proprietorship doing business proposed above (writing some free tools/freewares)? |
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There is no answer at this time. |
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Subject:
Re: F1(OPT)/H1B runs a sole proprietorship w/o revenue in CA, USA
From: myoarin-ga on 29 May 2006 03:16 PDT |
Just a free comment, and obviously no legal or professional advice (see the disclaimer below). It would seem that if you own and operate a sole proprietorship, by definition you would have "an active role", regardless of whether it makes money or not. I think it would be difficult or impossible to get a credit card for the business if it is not registered. |
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