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H 4 Visa Company Ownership
Summary
H-4 visa holders can own a company but cannot work or earn income from it without an Employment Authorization Document (EAD). Profits can accumulate but cannot be distributed until the EAD is obtained. Using an ITIN for tax purposes is acceptable, but it should not imply unauthorized work. H-1B visa holders can own a company but must remain passive and not engage in management or work activities. Compliance with U.S. Tax laws, including filing Form 5472 for foreign disregarded entities, is essential. Consult an immigration attorney for specific guidance on visa and tax regulations.Full Conversation
I dont have EAD.. I have ITIN and H4 visa .. this compoany is owned by a forsign namtional she llives in india.. iuts aforsign disrgarded entrity
You can own a part of the company on an H-* visa, but you cannot work for it or earn income without an EAD. Since you don’t have an EAD, you should avoid any work-related activities. Are you considering applying for an EAD in the future?
My husband Perm application is ongoing after that i thibnk we will apply for EAD.. now another question
Sure, what's your next question?
To won this company hwat id th eprocdure liek right now its *% onwed by her
Case Rating: *
To own the company, you would need to follow these general steps:
- Draft a purchase agreement detailing the terms of the sale.
- Transfer ownership through proper documentation (e.g., share certificates).
- Update relevant registrations and inform authorities.
Keep in mind that you cannot work or earn income from the company without an EAD.
Do you have any other questions about this process?
To own the company, you would need to follow these general steps:
- Draft a purchase agreement detailing the terms of the sale.
- Transfer ownership through proper documentation (e.g., share certificates).
- Update relevant registrations and inform authorities.
Keep in mind that you cannot work or earn income from the company without an EAD.
Do you have any other questions about this process?
now when yty say income i will not work what about company profits
Case Rating: *
When we refer to "income," it includes any profits or distributions from the company. Without an EAD, you cannot receive any form of income, which includes company profits, dividends, or other financial benefits from the business.
Is there anything else you need to know about owning the company?
When we refer to "income," it includes any profits or distributions from the company. Without an EAD, you cannot receive any form of income, which includes company profits, dividends, or other financial benefits from the business.
Is there anything else you need to know about owning the company?
Ok thats good point that menas lets say a compant make like 50K profit and 25k is really for me ,. io donct take t t9ll i gte EAD ,,, once i het ead i can take all arrears?? i file tax now by the away using ITIN
Case Rating: *
You can accumulate company profits while on an H-* visa, but you cannot receive any distribution of these profits until you obtain your EAD. Once you have your EAD, you can then take all arrears. Filing taxes with an ITIN is standard procedure for those without a Social Security Number.
Would you like any further clarification on this matter?
You can accumulate company profits while on an H-* visa, but you cannot receive any distribution of these profits until you obtain your EAD. Once you have your EAD, you can then take all arrears. Filing taxes with an ITIN is standard procedure for those without a Social Security Number.
Would you like any further clarification on this matter?
No trying to underatndthis beter thats it.. So i will take onwership but will niot take profit for now.. while pmy profit willmsit in teh compant correct
Case Rating: *
Yes, you can take ownership of the company but should not take any profits or income until you obtain your Employment Authorization Document (EAD). The profits can sit in the company, and once you have your EAD, you can then receive the accumulated profits.
Do you have any other questions?
Yes, you can take ownership of the company but should not take any profits or income until you obtain your Employment Authorization Document (EAD). The profits can sit in the company, and once you have your EAD, you can then receive the accumulated profits.
Do you have any other questions?
Ok we want toaccpet liek onlone payment via crds oir whetevr.. now.. the otehr owner she does not havce anythingliek ITIL or SSN as she is in india.. If i wone this now she will use my iTIN to set up payment link and revciev payments wikll taht be flagged ? it sgode tso company not to me buyt asking
Case Rating: *
Setting up a payment link using your ITIN for a company owned by a foreign national shouldn't be flagged as long as the financial activities and tax filings are in compliance with U.S. regulations. However, you must ensure that the ITIN is used solely for tax purposes and not to imply any unauthorized work.
Would you like to know more about setting up payment links or any specific legal considerations related to this process?
Setting up a payment link using your ITIN for a company owned by a foreign national shouldn't be flagged as long as the financial activities and tax filings are in compliance with U.S. regulations. However, you must ensure that the ITIN is used solely for tax purposes and not to imply any unauthorized work.
Would you like to know more about setting up payment links or any specific legal considerations related to this process?
One more my husband is ion h1b someby owning com0any in virgina wnate dthgin to be registered agentf or them in MD.. is that fibne on h1b
Case Rating: *
Your husband can be a registered agent for a company while on an H-1B visa, but he must not engage in any unauthorized work beyond his H-1B employment. Being a registered agent typically involves receiving legal documents on behalf of the company and doesn't generally count as employment, but it's important to ensure this role doesn't conflict with his H-1B terms.
Would you like more information on the responsibilities of a registered agent?
Your husband can be a registered agent for a company while on an H-1B visa, but he must not engage in any unauthorized work beyond his H-1B employment. Being a registered agent typically involves receiving legal documents on behalf of the company and doesn't generally count as employment, but it's important to ensure this role doesn't conflict with his H-1B terms.
Would you like more information on the responsibilities of a registered agent?
can you explore this and tell me if its a problem being registered agent
Case Rating: *
Your husband can be a registered agent while on an H-1B visa as it's mostly about receiving legal documents for the company rather than performing work that would require authorization. However, it's always a good idea to consult an immigration attorney to make sure there are no conflicts with his H-1B status.
Would you like to know more about the responsibilities of a registered agent?
Your husband can be a registered agent while on an H-1B visa as it's mostly about receiving legal documents for the company rather than performing work that would require authorization. However, it's always a good idea to consult an immigration attorney to make sure there are no conflicts with his H-1B status.
Would you like to know more about the responsibilities of a registered agent?
Ok can he own a company bieng ion H1b
Case Rating: *
Yes, your husband can own a company while on an H-1B visa, but he cannot actively manage or work for the company without proper work authorization. His involvement must be limited to a passive role.
Would you like to know more about the specific restrictions or any other details related to this situation?
Yes, your husband can own a company while on an H-1B visa, but he cannot actively manage or work for the company without proper work authorization. His involvement must be limited to a passive role.
Would you like to know more about the specific restrictions or any other details related to this situation?
yes
Case Rating: *
If your husband owns a company on an H-1B visa, he must not actively manage or work for it. His role must remain passive.
Would you like more information on the specific restrictions regarding this?
If your husband owns a company on an H-1B visa, he must not actively manage or work for it. His role must remain passive.
Would you like more information on the specific restrictions regarding this?
yes pleae
Case Rating: *
Certainly! Here are some specific restrictions for your husband owning a company while on an H-1B visa:
- He cannot actively manage or be employed by the company.
- His role must be limited to passive ownership.
- He should avoid any activities that could be considered work.
Would you like more detailed information on any of these points?
Certainly! Here are some specific restrictions for your husband owning a company while on an H-1B visa:
- He cannot actively manage or be employed by the company.
- His role must be limited to passive ownership.
- He should avoid any activities that could be considered work.
Would you like more detailed information on any of these points?
Work ewhere we recieve soem income or anything at all lets sayattendinbg meet8ngs liek comany meetings etc
Case Rating: *
Your husband can be a passive owner of a company, meaning he should not be involved in active management or daily operations. Attending meetings without engaging in work-related activities may be fine, but he should consult an immigration attorney to ensure compliance with H-1B visa regulations.
Your husband can be a passive owner of a company, meaning he should not be involved in active management or daily operations. Attending meetings without engaging in work-related activities may be fine, but he should consult an immigration attorney to ensure compliance with H-1B visa regulations.
Ok one more question.. My suster owners fireign disrgarded enstitt an she apply for ITIM
Case Rating: *
Your sister can apply for an ITIN to comply with U.S. tax regulations. As a foreign disregarded entity, she must file the appropriate tax forms with the IRS.
Do you have any specific questions about the ITIN application process or the tax obligations for a foreign disregarded entity?
Your sister can apply for an ITIN to comply with U.S. tax regulations. As a foreign disregarded entity, she must file the appropriate tax forms with the IRS.
Do you have any specific questions about the ITIN application process or the tax obligations for a foreign disregarded entity?
she filed some * form or somthing i guess
Case Rating: *
It sounds like the situation involves understanding the tax obligations for a foreign disregarded entity and the use of ITIN. Filing Form * indicates a corporation's income, but for a foreign disregarded entity, Form * is typically required.
Would you need more details about filing taxes or the application process for ITIN?
It sounds like the situation involves understanding the tax obligations for a foreign disregarded entity and the use of ITIN. Filing Form * indicates a corporation's income, but for a foreign disregarded entity, Form * is typically required.
Would you need more details about filing taxes or the application process for ITIN?
Yes i see * under this
Case Rating: *
It appears your sister is involved in complex tax matters related to a foreign disregarded entity. Generally, Form * is required for reporting transactions between a U.S. corporation and a foreign related party.
Would you like more information on the process of filing Form * or the specific requirements for compliance?
It appears your sister is involved in complex tax matters related to a foreign disregarded entity. Generally, Form * is required for reporting transactions between a U.S. corporation and a foreign related party.
Would you like more information on the process of filing Form * or the specific requirements for compliance?
no i mean she filled * and said there is no incme to report which we get fom us service or soneything she mentioned
Case Rating: *
Form * is used to report transactions between a U.S. corporation and a foreign related party. If your sister reported no income, it suggests there were no reportable transactions. Make sure she maintains accurate records for compliance.
Would you like to know more about the requirements for Form * or any other specific details?
Form * is used to report transactions between a U.S. corporation and a foreign related party. If your sister reported no income, it suggests there were no reportable transactions. Make sure she maintains accurate records for compliance.
Would you like to know more about the requirements for Form * or any other specific details?
Ok let me tell you the situation and you tell me which one we shoudl file..
Case Rating: *
Based on the information provided, your questions primarily revolve around ownership and tax implications for foreign nationals and visa holders in the U.S. As such, your situation doesn't seem to warrant immediate legal intervention but does require careful adherence to immigration and tax laws.
To better assist you, can you clarify which specific form or filing you need help with? Is it related to:
- Ownership transfer of the company?
- Tax filings for a foreign disregarded entity?
- Compliance with H-1B or H-* visa regulations?
Your response will help me provide more precise information.
Based on the information provided, your questions primarily revolve around ownership and tax implications for foreign nationals and visa holders in the U.S. As such, your situation doesn't seem to warrant immediate legal intervention but does require careful adherence to immigration and tax laws.
To better assist you, can you clarify which specific form or filing you need help with? Is it related to:
- Ownership transfer of the company?
- Tax filings for a foreign disregarded entity?
- Compliance with H-1B or H-* visa regulations?
Your response will help me provide more precise information.
*. She owns a Cmapnt in US.. she is in India
Case Rating: *
It sounds like your situation involves complex tax and immigration issues. Here are some general points to consider:
- Your sister, who owns a company in the U.S. but resides in India, needs to ensure compliance with U.S. tax laws, including filing Form * if applicable.
- Ownership transfer or management by individuals on H-* or H-1B visas must adhere to specific restrictions to avoid unauthorized work.
To proceed, could you clarify if you need more information on ownership transfer, tax filings, or visa compliance?
It sounds like your situation involves complex tax and immigration issues. Here are some general points to consider:
- Your sister, who owns a company in the U.S. but resides in India, needs to ensure compliance with U.S. tax laws, including filing Form * if applicable.
- Ownership transfer or management by individuals on H-* or H-1B visas must adhere to specific restrictions to avoid unauthorized work.
To proceed, could you clarify if you need more information on ownership transfer, tax filings, or visa compliance?
*.
Case Rating: *
It seems like your questions revolve around ownership and tax implications for foreign nationals and visa holders in the U.S. Here are some general points to consider:
- Ownership: Both H-1B and H-* visa holders can own a company but cannot actively manage or work for the business without proper work authorization (EAD).
- Taxes: Foreign owners must comply with U.S. tax laws, including filing Form * for reporting transactions between U.S. corporations and foreign related parties.
Would you like more detailed information on any specific aspect of this?
It seems like your questions revolve around ownership and tax implications for foreign nationals and visa holders in the U.S. Here are some general points to consider:
- Ownership: Both H-1B and H-* visa holders can own a company but cannot actively manage or work for the business without proper work authorization (EAD).
- Taxes: Foreign owners must comply with U.S. tax laws, including filing Form * for reporting transactions between U.S. corporations and foreign related parties.
Would you like more detailed information on any specific aspect of this?
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