LLC or C-Corp on H4 EAD?


akhiljain

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Hello everyone

 

So on H4 EAD, I plan to start some art work and not expecting any/lot of profit 6 months down the line. 

 

1) Single member LLC: 

Advantage: Protect against personal liability, Tax benefit

But the issue is that during tax reporting it is treated as a disregarded entity (sole prpertourship) and there are chances of getting Audit during  tax file. 

 

 

2) With multi member LLC you require atleast 2 members. I don't want to involve my spouse (who is on H1B Visa) as a member on LLC due to any visa constraint. I read that you can keep spouse (H1b holder) as a passive investor without any issue. 

 

3) C-Corp: Double Taxation. Everyone is suggesting to go w/ LLC..

 

 

Can anyone please suggest what is the better option (considering tax benefit, no implication on visa/green card) 

 

 

 

Thanks a lot!

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