Rkoch Posted February 23, 2016 Report Share Posted February 23, 2016 Hi Guys, I was approached by one of my friend living in India. They have a established business ( ( tech support) where they have customers in the USA. They provide services to those clients and now the concern is how to get paid. I already have an LLC established in California so they want me to get all the payments, keep my share (15%) and send them rest of the money. It sounds very simple and I will be paying taxes on 15% of what I make. My concern is what are the tax implications? Let say the company makes $20k every month and I keep 15% of it and send rest to India. Would I be in any trouble later? I would highly appreciate any response from you. Thanks Link to comment
JoeF Posted February 23, 2016 Report Share Posted February 23, 2016 What is your status in the US? If you are on H1, you can not do any of this. Link to comment
rahul412 Posted February 23, 2016 Report Share Posted February 23, 2016 Hi Guys, I was approached by one of my friend living in India. They have a established business ( ( tech support) where they have customers in the USA. They provide services to those clients and now the concern is how to get paid. I already have an LLC established in California so they want me to get all the payments, keep my share (15%) and send them rest of the money. It sounds very simple and I will be paying taxes on 15% of what I make. My concern is what are the tax implications? Let say the company makes $20k every month and I keep 15% of it and send rest to India. Would I be in any trouble later? I would highly appreciate any response from you. Thanks Does your llc has a CEO or not? He should be dealing this not you. Link to comment
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