So on H4 ead I plan to start some art work and not expecting any/lot of profit 6 months down the line.
Single member LLC:
Advantage: Protect against personal liability, Tax benefit
But the issue is that during tax reporting it is treated as a disregarded entity (sole prpertourship) and there are chances of getting Audit during tax file.
With multi member LLC you require atleast 2 members. I don’t want to involve my spouse (who is on H1B Visa) as a member on LLC due to any visa constraint. I read that you can keep spouse (H1b holder) as a passive investor without any issue.
C-Corp: Double Taxation. Everyone is suggesting to go w/ LLC…
Can anyone please suggest what is the better option (considering tax benefit, no implication on visa/green card)
Thanks a lot!