A
aliroshan
Guest
- Jurisdiction
- California
Can a F-1 student form a company with a bank account without his name being in the documents? & no W-2 income form in his name?
Hypothetically, a F-1 student wants to perform online business (on online markets such as amazon/shopify , etc..) while keeping their privacy to avoid W2 form in his name.
I brainstormed couple of steps:
1) LLC in delaware without his name
2) Bank account with LLC EIN that does not reflect his name while he has full access to /control over it.
3) Since opening bank account require physical presence and SSN , then may be an agent or temporary designee to open a bank account as a temporary designee/member. Then temporary member can be replaced/removed .
The whole goal is not to get a tax documents in owner's name, but in the name of company with potentailly unknown owners. note that hypothetical owner plans to pay tax using EIN while keeping is 100% privacy, without any link between LLC tax document to his personal tax files.
------------------- SOME RELEVANT QUESTIONS:
1. How is the 'privacy' is defined in Delaware laws/companies? it is private from public access, but open to IRS to see the real owner name and SSN ?
2. does the hypothetical scenario I defined above, work as expected?
3. is there any other way to this?
4. What are ways that things can go wrong?
Hypothetically, a F-1 student wants to perform online business (on online markets such as amazon/shopify , etc..) while keeping their privacy to avoid W2 form in his name.
I brainstormed couple of steps:
1) LLC in delaware without his name
2) Bank account with LLC EIN that does not reflect his name while he has full access to /control over it.
3) Since opening bank account require physical presence and SSN , then may be an agent or temporary designee to open a bank account as a temporary designee/member. Then temporary member can be replaced/removed .
The whole goal is not to get a tax documents in owner's name, but in the name of company with potentailly unknown owners. note that hypothetical owner plans to pay tax using EIN while keeping is 100% privacy, without any link between LLC tax document to his personal tax files.
------------------- SOME RELEVANT QUESTIONS:
1. How is the 'privacy' is defined in Delaware laws/companies? it is private from public access, but open to IRS to see the real owner name and SSN ?
2. does the hypothetical scenario I defined above, work as expected?
3. is there any other way to this?
4. What are ways that things can go wrong?
