Saturday, October 1, 2011

Is it possible for F1 status student to form a LLC?

I wanna do some business, but right now it a student with F1 visa, so i don't know if it is possible to form LLC with just a managing member. How about its tax classification with IRS, a corp or partnerships|||That isn't really a tax question, so you may not be tapping into the best sources of information. Try posting it on "Politics %26amp; Government %26gt; Immigration"





It is possible, but unlikely, that the state in which you are planning to do business does not allow a non-resident alien to be the sole member of an LLC. A more likely problem with your plan is the immigration laws. I doubt that the employment restrictions on holders of F-1 visas are that easy to circumvent.





If you can form an LLC without endangering your visa status and courting deportation, your single member LLC would be treated as a sole proprietorship by the IRS unless you elected to have the LLC treated as a corporation.|||Your visa restricts employment to approved work-study programs or OPT. That includes self-employment. Violation of the terms of your visa risks loss of status and deportation. You're here as a guest to study, not to work.

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