Starting Llc On F1

Summary

F1 visa holders can invest in a business and earn passive income legally. Hiring a green card holder as a manager is permissible. Employing a developer from Turkey is legal, but ensure compliance with U.S. Labor and tax laws. Verify work eligibility, provide fair wages, and comply with tax regulations.

Full Conversation

so i am noot doing any illegal action by opning company and earning profit fom it passivly
Based on the information provided, you're not engaging in illegal activity by opening a company and earning passive income from it while on an F1 visa. Here's a quick summary:
- Investing in a business and receiving passive income is typically allowed for F1 visa holders.
- Hiring a manager with a green card to manage the company is legal.
- Hiring a developer from Turkey is legal, but ensure compliance with U.S. labor and tax laws.
If you want more details about managing LLC operations or hiring international employees, feel free to ask!
how to ensure compliance with U.S. labor and tax laws
To ensure compliance with U.S. labor and tax laws, consider the following steps:
- Labor Laws: Verify work eligibility, provide fair wages, comply with workplace safety regulations, and follow anti-discrimination laws.
- Tax Laws: Obtain an Employer Identification Number (EIN), withhold and report employee taxes, and maintain accurate financial records.
Would you like more details on any specific aspect of compliance?