F-1 Visa OPT Startup Company
Optional Practical Training (OPT) allows the F-1 visa holder to work in their field of study. It also allows the student to start their own business that’s related to their area of study. But starting a company isn’t easy, especially if there are immigration complications involved. Don’t let yourself be held back by red tape or complicated processes – contact us today to start your own company on OPT!
Can I Start My Own Company on F-1 OPT?
As an international student on F-1 OPT visa, you can start your own company in the U.S. To form your company, you should have a business plan and articles of organization. You can choose any state or city in which to incorporate your company, although it is recommended you choose a state of your domicile to avoid double taxation.
You may choose to opt for a sole proprietorship instead of having another type of entity such as corporation or LLC (Limited Liability Company). This would reduce tax liabilities and legal fees significantly since no additional filings corporate income taxes are required. However, the advantages of incorporating an LLC or corporation are many.
Schedule an appointment with a qualified attorney at Xu Law Group to draft your OPT company formation package. Even if you are not currently employed in the U.S., employment as a director or officer of your own newly formed company will allow you to work while on F-l OPT visa status.