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This is a very important topic for me. I asked a while ago if a B1/B2 visa would be enough to incorporate a company, but no one was able to provide an answer.
http://www.thedelawarecompany.com/llc_corporation_informatio...
I'm one of those founders, last time i put out my email for anyone needing advice I got like 20 different people asking me questions. I'm happy to answer any questions in the forum. This is what think: 1. Don't worry about VISA until you get accepted, it will take too much time 2. To get the right VISA is hard, lawyers will tell you what the law say, not necessary what is the right thing to do in the situation 3. Don…
This is terrible advice because if you don't have your story completely straight and they figure out that you have lied to them you could easily find yourself permanently inadmissible to the US. Unless you are an experienced professional at telling lies to people whose job it is to determine if you are lying to them or not you probably shouldn't try to enter the US without having your visa in order.
Earlier quoted context omitted.
This is terrible advice because if you don't have your story completely straight and they figure out that you have lied to them you could easily find yourself permanently inadmissible to the US. Unless you are an experienced professional at telling lies to people whose job it is to determine if you are lying to them or not you probably shouldn't try to enter the US without having your visa in order.
Ha. It's only mildly relevant here, but my inadmissibility to enter Canada just recently expired. I was touring with a band trying to play a show in Vancouver and we got banned for a year for lying to border guards. Boneheadedly, we let the bassist do the talking and the Canadians googled their way to quite a few holes in his story.
This is a very important topic for me. I asked a while ago if a B1/B2 visa would be enough to incorporate a company, but no one was able to provide an answer.
I came to the US on such a visa to create a startup in the Valley. I was not the one responsible for the incorporation paperwork so I can't exactly say. I think it should be ok. However, you will not be allowed to work or receive a salary until you change your visa status. This usually entails leaving and re-entering the US.
I just need to clear one thing now: considering I incorporate in the US, how do I manage to "pay myself and my co-founder"? I mean bills, common expenses, rent, food, etc? Can I transfer company revenue to a personal account? I know it is bad to mix personal/company cash flow, but is it ok/acceptable to use a corporate credit card?
I know that this is not something to worry enough to make me lose my sleep, I am just curious about how things are handled fiscally and in terms of accounting.
* edit: Removed the "pre" formatting. Sorry.
Earlier quoted context omitted.
I came to the US on such a visa to create a startup in the Valley. I was not the one responsible for the incorporation paperwork so I can't exactly say. I think it should be ok. However, you will not be allowed to work or receive a salary until you change your visa status. This usually entails leaving and re-entering the US.
Thanks, guys. I just need to clear one thing now: considering I incorporate in the US, how do I manage to "pay myself and my co-founder"? I mean bills, common expenses, rent, food, etc? Can I transfer company revenue to a personal account? I know it is bad to mix personal/company cash flow, but is it ok/acceptable to use a corporate credit card? I know that this is not something to worry enough to make me lose my sle…
Earlier quoted context omitted.
Thanks, guys. I just need to clear one thing now: considering I incorporate in the US, how do I manage to "pay myself and my co-founder"? I mean bills, common expenses, rent, food, etc? Can I transfer company revenue to a personal account? I know it is bad to mix personal/company cash flow, but is it ok/acceptable to use a corporate credit card? I know that this is not something to worry enough to make me lose my sle…
Can you edit your reply? The pre/code screws up the layout (in Safari). Thanks!
Legal question: what visa do you arrive in the US?
http://news.ycombinator.com/item?id=40208
The next best option is probably London. I'm guessing it's the best place for start-ups in Europe?
edit: or ask petenixey
Earlier quoted context omitted.
http://news.ycombinator.com/item?id=40208
That doesn't tell me very much. Should I forget about the Valley then, because visas are too hard to get? I've got better things to do than dealing with immigration issues - it seems a big drawback. The next best option is probably London. I'm guessing it's the best place for start-ups in Europe?
And yes, if its too grim, forget about the Vally. Yes, its sad and disappointing especially with all the pundits stressing the value of location. But be wild. Its a constraint, and last time I checked constraints promoted creativity. So use your resourcefulness to make up for your lack of resources. Its fun. Really!
Legal question: what visa do you arrive in the US?