[johnsm]

Hi

I'm planning to setup a c-corp in US and invest around $100K and apply for E2 Visa to start up a new Internet business in US. I have business-plane and background and other evidence to prove my intention for applying for E2 Visa too.

But after 1 year if I feel that I can't go ahead or couldn't raise any more fund I may decide to dissolve the company and go back home with remaining money.

Do I have to pay any tax for transferring the money to US and making investment, and also for dissolving the company (with no profit) and transferring back the remaining money?

I'm receiving this money from my parents.

[AtlantaTaxExpert]

There are no transfer taxes assessed by the United States, though you MAy have to complete paperwork reporting from WHERE you got the money.

[johnsm]

Thanks, but then would there be any problem I if state that I have received that money from my parent in my own country?

[johnsm]

Thanks, but then would there be any problem if I state that I have received that money from my parent in my own country?

[MukatA]

1. Before starting C-corp you should find out more about E-2 visa. Will you get it by investing 100K?
2. Once you start C-corp, you have many filing requirements.
3. You can start Internet company from you home country and deal with U.S. clients.
4. If you send back your own money from U.S. to your country, you do not pay any tax on this in U.S.

[AtlantaTaxExpert]

Probably not.

[johnsm]

Thanks for response and advices. 1 Yes 2 I'm going to use legalzoom.com 3 I have started at home I will stay hear as long as I can, at least it's 5x cheaper, but finally I have to move to Silicon Valley for business development 4 Thanks again