Can I start my own business when studying in the United States?

Entrepreneurship has become the trend of this era. In the United States, entrepreneurship education courses have covered the entire education system from primary school, junior high school to senior high school, undergraduate and even graduate education. American universities, especially business schools, not only offer rich entrepreneurship courses, undergraduate and postgraduate entrepreneurship management majors, but also create various specialized entrepreneurship education institutions and entrepreneurship education centers to start businesses. So can international students start businesses in the United States? What should I pay attention to? Let's take a look.

1.F 1 Can students start their own companies?

Legally, F 1 can set up its own company as long as it has social security number (SSN) or personal bonded number (ITIN). As a matter of fact, many international students were refused visas when they returned to China to renew their visas during the holidays. ? Immigration tendency? It is not a hard indicator, but fluctuates with the immigration policy and visa indicators. That is to say, some people have not encountered the problem of refusing visas when starting their own companies, but the reality is that starting their own companies is risky.

2.F 1 How do students start a business?

F 1 The way to start a business is actually very simple. Find a person who has a green card or work permit (except H 1) or American nationality in the United States and set up a Ccorp company. Then, the foreign students buy the equity of their own company in the form of investment, become the shareholders of the company, and get dividends or benefits. As for the shareholders' right to supervise and manage the company's development, the form of management is the voting at the shareholders' meeting. Of course, international students can own 100% of the shares and vote, and the shareholders' meeting can also be held once a day for 8 hours each time.

3. Can the company only be Ccorp?

The company category must be Ccorp, because the purchase of Ccorp shares does not need to be filed with the IRS, while other categories, such as LLC, need to be filed with the IRS. If not filed, the visa will not be confirmed by the IRS data. This must be paid attention to.

4. What is the cost of setting up a company?

The cost of setting up a company varies from state to state. In California, setting up Ccorp only requires CAP (Certified Public Accountant), and the cost is generally between 1500-2000 USD. It generally includes company name search, company establishment and EIN application.

5. How to file tax returns after the company is established?

Tax declaration is divided into several parts: business tax, enterprise income tax and employee tax. Business tax is generally levied by county or city, and the tax rate is determined by county or city. The total turnover times the tax rate is the business tax. Generally, it is paid four times a year (business tax can be exempted in some cases, for example, California businesses do not need to pay business tax when selling products outside California). Enterprise income tax is levied by the state government or the federal government once a year, and it is generally good to give it to the accountant. Tax avoidance can be done according to the actual situation and needs. There are many types of employee tax. Full-time employees generally pay W2 tax, and temporary workers generally pay W9 tax. Please consult an accountant for the specific tax return method.

6. How can I get a green card?

There are many ways to get a green card, and those related to entrepreneurship can be divided into three categories: EB5, H 1B, L 1.

EB5, commonly known as investment immigration, needs overseas direct investment of 654.38+00,000 USD and local full-time staff of 654.38+00. EB5 requires immigrant applicants to set up their own companies instead of buying shares in friends' companies. These funds are directly invested from outside the United States. Therefore, after F 1 starts its business, it is necessary to transfer the former company funds outside the United States, then apply for investment immigration by itself, and then remit the funds back to the United States from outside the United States.

EB5 is divided into independent investment and indirect investment. Independent investment means that you own the project and then operate it according to the regulations. Self-investment immigrants need to meet the investment standard of $6.5438+0 million, and at the same time meet the requirement of hiring 654.38+0 local full-time employees. (This standard can be legally lowered by some technical means.) Indirect investment immigration refers to the purchase of the equity of the regional center project recognized by the Immigration Bureau, which indirectly creates 10 local full-time employment opportunities. Generally, the investment capital is 500-1000000 USD, and indirect investment has certain investment risks, so it needs to be cautious. In addition, the purchase project may be defrauded, please be careful.

H 1B, commonly known as work visa, is an immigrant visa. It requires employers to have certain qualifications and reasonable exclusive reasons. In other words, employers need to achieve an annual turnover of $6.5438+0 million, have more than 654.38+0 local full-time employees and make profits for more than 2 years before they can apply for foreign employees H1B. In addition, the employer should explain why it is necessary to hire foreign employees instead of local employees. F 1 You can start a business during school and hire yourself to do OPT after graduation. Apply for H 1B for yourself after OPT. Then pass H 1B or get a green card.

L 1 is also a kind of immigrant visa, which is a work visa for non-core employees of American multinational companies. The method is F 1 to start a business in the school, then do OPT in your own company after graduation, and sell the equity to domestic enterprises before the end of OPT. For domestic enterprises, the company starting with F 1 is an overseas branch, and the branch manager is F 1, which will become the visa for L 1. Finally, get a green card through L 1 or.