akhiljain Posted May 18, 2016 Report Share Posted May 18, 2016 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! Link to comment
Recommended Posts
Archived
This topic is now archived and is closed to further replies.