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  1. #1
    Join Date
    Aug 2005
    Location
    Bay Area
    Posts
    1

    Default 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

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default 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.

  3. #3
    Join Date
    May 2009
    Posts
    1

    Default 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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