Live data from Hacker News

Ask HN: Have to invest 500K in a business – what can I do?

news.ycombinator.com

21–30 of 47 posts

Re: Ask HN: Have to invest 500K in a business – what can I do?

#21

Out of curiosity, what is your driver for going to the US? Depending where you go, you can go a lot further on $500k USD overseas than being stateside. A green card opens you up to US tax liability on all of your investments globally.

Irrespective of green card, if you are an US resident according to substantial presence test then you owe taxes to IRS on global income.

Re: Ask HN: Have to invest 500K in a business – what can I do?

#23
Aren't there consulting firms that cater to this very need? The informal discussions I've heard around EB5 visa in India are that these firms group multiple such individuals and then start/run a business for this group (something like a medical practice clinic or a hospitality franchise) until they qualify for the green card, for a fee of course.

Re: Ask HN: Have to invest 500K in a business – what can I do?

#25
post #8

Tagging so I can read about EB5 and come back later. But at first glance, and with my limited experience in tech as a founder & VP, 500k sounds far too little for 10 FTE for 2 years. Edit -- I'm sure you've looked into it more than I have, but according to the link below, I'm seeing minimum amount for TEA of 900k if filed after Nov 2019? https://www.uscis.gov/working-in-the-united-states/permanent...

This was rolled back to $500K after a court ruling. Congress is working on legislation to raise it again and can happen any day!!

https://www.visalawyerblog.com/federal-district-judge-rules-...

Re: Ask HN: Have to invest 500K in a business – what can I do?

#27

Out of curiosity, what is your driver for going to the US? Depending where you go, you can go a lot further on $500k USD overseas than being stateside. A green card opens you up to US tax liability on all of your investments globally.

I am already in US on a work visa and kids are kind of settled in here!

Re: Ask HN: Have to invest 500K in a business – what can I do?

#28
post #23

Aren't there consulting firms that cater to this very need? The informal discussions I've heard around EB5 visa in India are that these firms group multiple such individuals and then start/run a business for this group (something like a medical practice clinic or a hospitality franchise) until they qualify for the green card, for a fee of course.

Yes indeed there are consulting firms and websites listing EB5 investment projects. I turned to hacker news community because this is a place one can get some out of the box ideas :)

Re: Ask HN: Have to invest 500K in a business – what can I do?

#29
post #11

Gas station or self storage. It’s basically a land squat. A chain of coffee shacks would be viable too. Reselling shoes is viable but not good for getting more laborers. A child care or tutoring facility would be a good choice too. But lots of work. Otherwise maybe eth mining would be profitable even on gpu in a year. Ideally you would buy some equipment that’s easy to move and retains value then sell it off after 2…

Hard to employ 10 people in gas station or self storage or etc mining!

Re: Ask HN: Have to invest 500K in a business – what can I do?

#30
post #4

I’m no expert in the area but if I wanted something that was lower variance/expense than a software startup and that might be doable on just $500K, I’d do research on something like a pizza joint, a diner, or maybe a franchise food service place. (Looks like Subway is one of the cheaper franchise food service places to open.) In this case, I’m assuming your real prize is the green card, not the actual business, as I’…

This was my first thought as well. I'm not sure, though, that one Subway would support 10 full time employees. An assistant manager could handle most of the day to day operations, with the OP overseeing.
Post reply on HN