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H1B Visa Holder and H4 Wife Wants to Start a Small Business

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  • 08-31-2005, 08:34 PM
    ssood
    H1B Visa Holder and H4 Wife Wants to Start a Small Business
    Hello There

    I am going through the various threads on internet regarding the above issue. But nowhere I am getting a complete response. So hereunder I am throwing my question back to experts:

    I line in US on H1B , My wife is on H4 Visa.
    We want to start a small business. First we are trying to find can we do it. So far I found out. Yes! I can OPEN it. My wife or I being on H Visa can not manage it or get paid for it. That makes perfect sense.
    Now If I open it and hire some people to manage it can I use that information to take benefit in Tax Deduction If I make loss in the business.
    Also I need to know is there any limitation of investments. My major concern here is tax deductions. As I will be hiring people[americans/PRs] to run this business so we will definately want to use that info while I am filing the tax with IRS.
    so please make me aware as much as possible about other limitations H visa holders have.

    thanks
  • 09-10-2005, 07:59 PM
    Mr. Knowitall
    Immigrants Starting a Business
    Hire a business lawyer who either also handles immigration issues, or is with a firm that has an immigration lawyer on staff.
  • 05-15-2009, 11:49 AM
    bill3
    Re: H1B Visa Holder and H4 Wife Wants to Start a Small Business
    Quote:

    Quoting ssood
    View Post
    Hello There

    I am going through the various threads on internet regarding the above issue. But nowhere I am getting a complete response. So hereunder I am throwing my question back to experts:

    I line in US on H1B , My wife is on H4 Visa.
    We want to start a small business. First we are trying to find can we do it. So far I found out. Yes! I can OPEN it. My wife or I being on H Visa can not manage it or get paid for it. That makes perfect sense.
    Now If I open it and hire some people to manage it can I use that information to take benefit in Tax Deduction If I make loss in the business.
    Also I need to know is there any limitation of investments. My major concern here is tax deductions. As I will be hiring people[americans/PRs] to run this business so we will definately want to use that info while I am filing the tax with IRS.
    so please make me aware as much as possible about other limitations H visa holders have.

    thanks

    Hi
    We have the same question. ( 5 lowers different answers)
    If you find right answer could you please send it to me.
    Thank you
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