Hi,
This is my first post, so hi all. I'm from Europe, living in US currently waiting for F2 status (transition from B1/B2), I do have a US bank account.
I'm about to register an LLC and employ a friend with a Green Card as a manager - only legal way for the LLC to function in US and sell our products to US based customers. I know that I cannot do any work in the company (as it would violate my status, thus having a manager with GC) but how do I go about transferring or using the funds on business checking account for my own use ? Would it be legal for me to simply write a check from business LLC account to my name and deposit it on my personal checking account ? How would I go about filing taxes as a F2 visa holder who cannot be engaged in any work activities ?
This is my first post, so hi all. I'm from Europe, living in US currently waiting for F2 status (transition from B1/B2), I do have a US bank account.
I'm about to register an LLC and employ a friend with a Green Card as a manager - only legal way for the LLC to function in US and sell our products to US based customers. I know that I cannot do any work in the company (as it would violate my status, thus having a manager with GC) but how do I go about transferring or using the funds on business checking account for my own use ? Would it be legal for me to simply write a check from business LLC account to my name and deposit it on my personal checking account ? How would I go about filing taxes as a F2 visa holder who cannot be engaged in any work activities ?
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