What to do if I’m currently on H1-B visa and working for an employer in the US but would like to start an e-commerce business?
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What to do if I’m currently on H1-B visa and working for an employer in the US but would like to start an e-commerce business?
This is 100% online business and i wont be needed any physical location to run this business. All the goods i sell online are in digital form. Being on H1-B visa, can I register an LLC? Can I open a merchant bank account to deal with my online sales transactions? How should I file the tax for the revenue generated; can I do it under miscellaneous earnings? And finally, can I withdraw the profits under the generated revenue?
Asked on September 22, 2013 under Immigration Law, Tennessee
Answers:
Tricia Dwyer / Tricia Dwyer Esq & Associates PLLC
Answered 11 years ago | Contributor
Hello. You may form an LLC but you are not to earn income for work performed in the U.S. but for your income from your H1b employment income. Do contact a private attorney who will be happy to help you. Immigration and Visa law is federal law, so any knowledgeable licensed attorney may assist you. You may phone my law firm on Saturdays and Sundays, as well as weekdays. This website provides general information and general principles of law and does not provide private legal advice. Some attorneys are available seven days for emergency legal needs. Many attorneys will speak initially at no charge. Then, if legal work is performed, some attorneys will provide a reduced fee for financial hardship. Some attorneys may also assist you in limited scope manner to conserve legal costs. All the best.
TRICIA DWYER, ESQ.
Tricia Dwyer, Esq & Associates PLLC
Phone: 612-296-9666
365 Days of the Year until 8 p.m. daily
http://dwyerlawfirm.net
IMMIGRATION - VISA LAW
Harun Kazmi / Kazmi and Sakata Attorneys at Law
Answered 11 years ago | Contributor
Hello. You can open an LLC, but cannot work there. Thus, you cannot earn money for work done in the US outside of your H1b employer. Thus, you can form a company, but really can't earn money through it.
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