Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-14-2011, 01:13 AM
Junior Member
 
Join Date: Apr 2011
Posts: 3
Can F1 student join an LLC as a partner

Hi Experts,

I am a U.S. citizen and have an LLC, mainly focused on real estate investment. I have a cousin who comes to the states as an international student (F1 visa), and now him and his family want to join my LLC as a partner.

My questions here are :
1. Is there any law-related problem that my cousin is on partnership in my LLC ?
2. If there is no problem, how does it work, in terms of partnership's dividend and tax liability ?
3. Is there any consequence to his current visa status (F1), and future visa status if any (OPT, H1-B) ?

Many thanks in advance and hope to hear back from experts.

Regards,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Partner-owned LLC & personal taxes hornetok Limited Liability Company 0 01-10-2011 01:38 PM
How are Health Insurance Premiums treated by a Partnership on behalf of a Partner? TaxGuru Limited Liability Company 0 10-16-2010 07:40 PM
partner wants to dissolve, I don't stlpackerbacker S-Corporation 1 06-30-2010 03:31 PM
Amending S Corporation due to 1 partner address change, what's the procedure? SusanT_NYCPA CPA Forums 0 01-27-2010 10:32 AM
LLC Partner equity Readletter Limited Liability Company 0 01-19-2010 12:04 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.