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    0 Replies Latest reply on Aug 12, 2009 1:46 PM by JustLogMeIn

    (Why Do U keep Deleting My Threads???) I want to own my Comp

    JustLogMeIn Newbie
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      Hello Everybody,

      I am an F1 visa holder
      international student. I have been selling stuff online for a while on some
      marketplaces and I have been considering establishing my own website and
      company too. Even though I know that I can own a company but I cannot work
      for it, I still need to know something more about this issue. Would you mind
      replying my questions so that I can decide how can I establish my company and
      get professional help when I decided?

      1-If I am not mistaken, I cannot get paid directly from the
      company I own because of my visa status, but I can get dividend at the end of
      the year. Nevertheless, I will need money during the year, so in what way I can
      get money from my company? What are the loopholes, other than hiring somebody and
      paying for him/her who will never work for the company but will be used just a
      money transfer person for a small fee. Even I can think about it, but I'd like
      to know what other ways can be used?

      2-As I said in the first lines, I have been selling for almost 6
      months and made like 10-15K profit. Once again, that money has been done by
      selling things on online websites like eBay. Do I need to pay tax for it? And
      how? Do I have to pay any kind of fine for it because I have made that
      money/sold things without having a company?

      3-As far as I know, forming an LLC in Nevada/Delaware has better
      then your own state. I will never open (I am guessing) an office in
      Nevada and I will be selling items online. Registering your Nevada
      state company in your state is not that expensive (like $100-$125) as
      far as i understand.
      If advantages are a lot then why wouldn't I do it right? What do you


      Thank you for your time and understanding. I need to know these
      questions answers before I decide to establish a company and getting a
      professional help.


      especially look forward to hearing from people who had to pass through
      this process and/or knowledgeable accountants, attorneys etc. Please do
      not waste either your or my time by advicing me to see a
      lawyer rather than asking these questions in a public forum. If i
      wanted to do it I would do it OK? I need some other type of knowledge
      before i take action.

      Thank you very much every body who would like to help me our with my questions. I really appreciated.