Immigration Voice - Forums - Legacy
Register Get Involved Contact Lawmakers Advocacy Discussion Image Image Image Image

Go Back   Immigration Voice > General Information > Starting and Doing Business in USA
Click to log in with Facebook
Reply
 
Thread Tools Display Modes
  #1  
Old 09-29-2008, 04:09 PM
newbie2020 newbie2020 is offline
Senior Member
Priority Date
:
Feb-08
Category
:
EB2
I140 Mailed Date
:
05/13/2008
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: Feb 2008
Posts: 216
newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future
Default Like Minded Entrepreneurs/Future Entrepreneurs Gather here

Hi I am starting this thread to bring like minded Entrepreneurs/ Hopefuls...together. The idea is to pool the collective knowledge,Experience together into something more concrete....There are many threads in IV on how to start a business/How to manage one....

I am sure this forum has a number of people who want to venture into something new...Be their own Boss and stop cribbing/crying about Blood sucking employers.

We have so many brilliant minds, excellent managers among us who can bring in a lot more value , a whole new concept into a new venture.

How is this different from one starting his/her own company?

The answer is simple...When you want to start your own company there are too many things one needs to be taking care of (Ofcourse you enjoy the fruits of your labor yourself). One cannot be a master of so many things Accounting, Immigration, Taxation, Vendor management, People management just a few to name.....Also you will not really have access to large amount of capital needed if tomorrow your business grows and needs more capital...

So what is the solution..?
Solution is to bring like minded folks under single umbrella organization, tap their collective pool of knowledge, expertise to build something big....First thing we need to do is THINK BIG....

I should warn this is not for the Faint hearted ones This certainly requires a lot of dedication, personal interest, Certainly there will be risk associated ( Complete disclosure ). There is no guarantee this will work But We got to try to see.....Given the vast amount of collective knowledge in such ventures chances of failure is also low.


Who is ready to change our world, Our Lives.......
__________________
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~
PD EB2 Feb 2008
Labor Approved
I-140 Approved
I-485 : Yet to file
Waiting Priceless
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~
Bookmark and Share Compare Reply With Quote


  #2  
Old 09-29-2008, 04:12 PM
chintu25 chintu25 is offline
Donor
Priority Date
:
Jun-04
Category
:
EB2
I140 Mailed Date
:
08/05/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/02/2007
Compare
Join Date: Mar 2007
Posts: 361
Blog Entries: 4
chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute
Default Must Read

All aspiring entrepreneurs must read

"Rich dads : Before you quit your job"

It is an eyeopener and a very very refreshing read.

Brings you face to face with the realities of entrepreneurship......and makes you ask this question : Are you really an Entrepreneur ?

Great insight into the question "what to do before you do business ?"
__________________
Michigan State Chapter Leader

Chapter Link

All Michigan Members, please PM me your
First Name:
Last Name
Valid Phone Number:
IV id:
State:

To get IV ACTION UPDATES

Contribution:

TOTAL : $ 1800+ till date along with Recurring contributions since April 07
Bookmark and Share Compare Reply With Quote


  #3  
Old 09-29-2008, 07:18 PM
Kushal Kushal is offline
Donor
Priority Date
:
Nov-06
Category
:
EB3
I140 Mailed Date
:
12/06/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/06/2007
Compare
Join Date: May 2006
Posts: 119
Kushal is just really nice Kushal is just really nice Kushal is just really nice Kushal is just really nice
Default

Also there's 2 must reads:

Magic of thinking Big.

Rich Dad's: Business School.

Since its working for me, it will work for you.
Bookmark and Share Compare Reply With Quote


  #4  
Old 09-29-2008, 07:41 PM
sc3 sc3 is offline
Senior Member
Priority Date
:
Aug-05
Category
:
EB3
I140 Mailed Date
:
08/01/2004
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: Jan 2006
Posts: 217
sc3 is a splendid one to behold sc3 is a splendid one to behold sc3 is a splendid one to behold sc3 is a splendid one to behold sc3 is a splendid one to behold sc3 is a splendid one to behold sc3 is a splendid one to behold
Default

There are lot of critics of Kiyosaki's books. Some say (and have evidence to that) saying Kiyosaki doles out advice that are illegal when implemented. Check the wikipedia etc. to see if he is the author you want to follow. Some have suggested that Kiyosaki's book sell because of his association with Amway and the likes.

I read his Rich Dad Poor Dad, it was a nice read, but I can not say I learned anything new from it.
Bookmark and Share Compare Reply With Quote


  #5  
Old 09-29-2008, 08:51 PM
bondgoli007 bondgoli007 is offline
Senior Member
Priority Date
:
May-08
Category
:
EB2
I140 Mailed Date
:
06/25/2010
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
01/27/2012
Compare
Join Date: Jun 2006
Posts: 161
bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute bondgoli007 has a reputation beyond repute
Default Tie

I am not sure if this is already known but TIE is a good networking org. They have a large network of successful entrepreneurs, corporate executives, and senior professionals.

http://www.tie.org/
__________________
----

Northern California State Chapter
Bookmark and Share Compare Reply With Quote


  #6  
Old 09-29-2008, 09:00 PM
chi_shark chi_shark is offline
Senior Member
Priority Date
:
Mar-05
Category
:
EB2
I140 Mailed Date
:
01/01/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/19/2007
Compare
Join Date: Sep 2008
Posts: 336
chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light chi_shark is a glorious beacon of light
Default no gc no enterpreneur

i have been checking with my lawyers, according to them, if i dont have GC, i could potentially harm my case if i had a business that does well... i.e. anywhere upwards 20% of my existing gross income... and that 20% number also depends on the adjudicating officer's perception...

so bye bye business plans...

Quote:
Originally Posted by newbie2020 View Post
Hi I am starting this thread to bring like minded Entrepreneurs/ Hopefuls...together. The idea is to pool the collective knowledge,Experience together into something more concrete....There are many threads in IV on how to start a business/How to manage one....

I am sure this forum has a number of people who want to venture into something new...Be their own Boss and stop cribbing/crying about Blood sucking employers.

We have so many brilliant minds, excellent managers among us who can bring in a lot more value , a whole new concept into a new venture.

How is this different from one starting his/her own company?

The answer is simple...When you want to start your own company there are too many things one needs to be taking care of (Ofcourse you enjoy the fruits of your labor yourself). One cannot be a master of so many things Accounting, Immigration, Taxation, Vendor management, People management just a few to name.....Also you will not really have access to large amount of capital needed if tomorrow your business grows and needs more capital...

So what is the solution..?
Solution is to bring like minded folks under single umbrella organization, tap their collective pool of knowledge, expertise to build something big....First thing we need to do is THINK BIG....

I should warn this is not for the Faint hearted ones This certainly requires a lot of dedication, personal interest, Certainly there will be risk associated ( Complete disclosure ). There is no guarantee this will work But We got to try to see.....Given the vast amount of collective knowledge in such ventures chances of failure is also low.


Who is ready to change our world, Our Lives.......
__________________
--------------
PD: Mar 2005
Cat: EB2
I-140 AD: Jan 2008
I-485 RD: July 20 2007
I-485 ND: Sept 29 2007
EAD: on second EAD
have used AC21
Bookmark and Share Compare Reply With Quote


  #7  
Old 09-29-2008, 10:21 PM
chintu25 chintu25 is offline
Donor
Priority Date
:
Jun-04
Category
:
EB2
I140 Mailed Date
:
08/05/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/02/2007
Compare
Join Date: Mar 2007
Posts: 361
Blog Entries: 4
chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute
Default

Quote:
Originally Posted by sc3 View Post
............Some have suggested that Kiyosaki's book sell because of his association with Amway and the likes.

I read his Rich Dad Poor Dad, it was a nice read, but I can not say I learned anything new from it.......
Yes I felt that Kiyosaki promotes Amway etc too but skip those lill parts and the book gives amazing insights.

I strongly recommend it.

Well illegal and legal depends on how you interpret the information .
And it goes for any book.

Anyways any recommedations for accounting softwares to practice (Hath safai) cheap or free .
__________________
Michigan State Chapter Leader

Chapter Link

All Michigan Members, please PM me your
First Name:
Last Name
Valid Phone Number:
IV id:
State:

To get IV ACTION UPDATES

Contribution:

TOTAL : $ 1800+ till date along with Recurring contributions since April 07
Bookmark and Share Compare Reply With Quote


  #8  
Old 09-29-2008, 11:35 PM
raydon raydon is offline
Member
Priority Date
:
Mar-04
Category
:
EB3
I140 Mailed Date
:
08/08/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/08/2007
Compare
Join Date: Jul 2006
Posts: 92
raydon is a glorious beacon of light raydon is a glorious beacon of light raydon is a glorious beacon of light raydon is a glorious beacon of light raydon is a glorious beacon of light
Thumbs up

Interesting thread. I'm not there yet, still got about a year to go. But I do have thoughts in this direction. Count me in guys.
Bookmark and Share Compare Reply With Quote


  #9  
Old 09-30-2008, 08:33 AM
newbie2020 newbie2020 is offline
Senior Member
Priority Date
:
Feb-08
Category
:
EB2
I140 Mailed Date
:
05/13/2008
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: Feb 2008
Posts: 216
newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future
Smile

It is really interesting to see many folks reading/suggesting Rich Dad: Poor Dad it is a very refreshing read....

I also see some of the folks having a different perceptions/assumptions on whether one can be a entrepreneurs or no while on H1/GC in process

All i would say is if you have that burning desire in your heart to be an entrepreneur Nothing can stop you from becoming one... Not H1/ Not L1 and Not even the lack of GC. Where there is Will there is always a Way

it is also important for us to chalk out the next course of action and bring together a group of folks under one umbrella. I will host a Conference call sometimes next week to see how many of us have that FIRE in us.

Send me a PM with your name, location and tel# and i will send you the conf details.

In the mean time Please suggest any topics which you feel needs to be added to Agenda.
__________________
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~
PD EB2 Feb 2008
Labor Approved
I-140 Approved
I-485 : Yet to file
Waiting Priceless
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~
Bookmark and Share Compare Reply With Quote


  #10  
Old 09-30-2008, 09:49 AM
NKR NKR is offline
Senior Member
Priority Date
:
Aug-04
Category
:
EB2
I140 Mailed Date
:
08/05/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/05/2007
Compare
Join Date: Jan 2008
Posts: 577
NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute
Default

Quote:
Originally Posted by newbie2020 View Post
All i would say is if you have that burning desire in your heart to be an entrepreneur Nothing can stop you from becoming one... Not H1/ Not L1 and Not even the lack of GC. Where there is Will there is always a Way
.
I do not quite understand what you meant, but if you are saying that you can run a business even on H1/L1 or lack of GC, I beg to differ. You cannot have any other income apart from the work you do for which you have the H1/L1 permit. You can volunteer I think but I am not sure… Just did not want antis or naysayers to have a wrong impression…
Bookmark and Share Compare Reply With Quote


  #11  
Old 09-30-2008, 10:19 AM
malaGCPahije malaGCPahije is offline
Senior Member
Priority Date
:
Nov-04
Category
:
EB3
I140 Mailed Date
:
04/01/2007
Chargeability
:
India
Processing Stage
:
N/A
I485 Mailed Date
:
07/25/2007
Compare
Join Date: Mar 2008
Posts: 116
malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute malaGCPahije has a reputation beyond repute
Default my understanding is

Quote:
Originally Posted by NKR View Post
I do not quite understand what you meant, but if you are saying that you can run a business even on H1/L1 or lack of GC, I beg to differ. You cannot have any other income apart from the work you do for which you have the H1/L1 permit. You can volunteer I think but I am not sure… Just did not want antis or naysayers to have a wrong impression…
that H1/L1 holders can open their business. They cannot be an employee of the business. The business can earn money under its own tax ID. The owner cannot get a salary out of it. So H1/L1 holders can still start their business if they have someone to work on the stuff for them.
Bookmark and Share Compare Reply With Quote


  #12  
Old 09-30-2008, 10:28 AM
newbie2020 newbie2020 is offline
Senior Member
Priority Date
:
Feb-08
Category
:
EB2
I140 Mailed Date
:
05/13/2008
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: Feb 2008
Posts: 216
newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future newbie2020 has a brilliant future
Default

When i said it doesn't matter if you are on H1/L1/GC you still can be an entrepreneur, Did i ever say you need to own it 100% Nope...I didn't You can be a partner in a business if you want to work while on H1/L1 you certainly need the work permit (H1/EAD) processed with the new company.

By the way you can have concurrent employment as long as it doesn't interfere with the Employee agreements you might have.
__________________
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~
PD EB2 Feb 2008
Labor Approved
I-140 Approved
I-485 : Yet to file
Waiting Priceless
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~
Bookmark and Share Compare Reply With Quote


  #13  
Old 09-30-2008, 10:39 AM
chintu25 chintu25 is offline
Donor
Priority Date
:
Jun-04
Category
:
EB2
I140 Mailed Date
:
08/05/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/02/2007
Compare
Join Date: Mar 2007
Posts: 361
Blog Entries: 4
chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute chintu25 has a reputation beyond repute
Default

Quote:
Originally Posted by newbie2020 View Post
When i said it doesn't matter if you are on H1/L1/GC .............permit (H1/EAD) processed with the new company.

By the way you can have concurrent employment as long as it doesn't interfere with the Employee agreements you might have.
I consulted with not one but two attorneys to make sure of the legality of the whole thing

Their take : If we have H1 we can work our day jobs and utilize EAD to either work part time or your own business.

NOW dont jump the gun.....If you find that cheesy or cocky , your spouse (for married people) can open a business in her name and start.

And let me quote Rich Dad "If you wait for all lights to turn green, you will be stuck at the signal forever"

I have some interesting quotes from a few books I am reading on entrepreneurship . If people are interested I can post a few here ..

Thanks
__________________
Michigan State Chapter Leader

Chapter Link

All Michigan Members, please PM me your
First Name:
Last Name
Valid Phone Number:
IV id:
State:

To get IV ACTION UPDATES

Contribution:

TOTAL : $ 1800+ till date along with Recurring contributions since April 07
Bookmark and Share Compare Reply With Quote


  #14  
Old 09-30-2008, 10:41 AM
NKR NKR is offline
Senior Member
Priority Date
:
Aug-04
Category
:
EB2
I140 Mailed Date
:
08/05/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/05/2007
Compare
Join Date: Jan 2008
Posts: 577
NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute NKR has a reputation beyond repute
Default

Quote:
Originally Posted by chintu25 View Post
I consulted with not one but two attorneys to make sure of the legality of the whole thing

Their take : If we have H1 we can work our day jobs and utilize EAD to either work part time or your own business.

NOW dont jump the gun.....If you find that cheesy or cocky , your spouse (for married people) can open a business in her name and start.

And let me quote Rich Dad "If you wait for all lights to turn green, you will be stuck at the signal forever"

I have some interesting quotes from a few books I am reading on entrepreneurship . If people are interested I can post a few here ..

Thanks
Thanks for clarification guys, chintu, you can post the quotes, it will be an interesting read
Bookmark and Share Compare Reply With Quote


  #15  
Old 09-30-2008, 10:51 AM
miguy miguy is offline
Senior Member
Priority Date
:
Dec-04
Category
:
EB2
I140 Mailed Date
:
09/07/2006
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
08/02/2007
Compare
Join Date: Dec 2006
Posts: 126
miguy is infamous around these parts
Default Corp on EAD ?

I have started using my EAD. Can I open my own company and work on corp to corp or do I still have to be employed by another company on W2?

Thanks.
Bookmark and Share Compare Reply With Quote


Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

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

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
E2 Visa Investors - A Salute to Entrepreneurs Blog Feeds Recent Blogs 0 11-18-2009 04:00 PM
Looking for entrepreneurs Bpositive Action Items for everyone 2 02-21-2008 02:30 PM
America's Best Young Entrepreneurs 2007 Leo07 News articles and reports 1 11-20-2007 04:53 PM
Impact of Immigrant Entrepreneurs rajeshraipv Backlog Processing Center 0 07-17-2007 09:43 PM
BusinessWeek article on immigrant engineers and entrepreneurs vatsa Retrogression, priority dates and Visa bulletins 2 01-04-2007 12:21 PM



All times are GMT -4. The time now is 11:07 PM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.0 (Unregistered)
(c)ImmigrationVoice.org