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Craney
04-27-2007, 06:19 AM
Hi all,
This is a question relating to owners compensation. It arises after reading Steve's nightmare post. I would have thought that if your business is making a profit that you would be able to take this money for yourself? If you are outside the US, I thought this would be similar to drawing a wage, except calling it owners comp.
I haven't a clue about this, i'm quite confused, so if anyone can shed light on this and explain what it actually is, how the process works etc, please do!

Craney

Munish
04-27-2007, 10:47 AM
I would have thought so too. I can't see how it's any different to an "alien" who receives "dividends" from a corporation incorporated in Delaware with headquarters in New York and with a stock market listing on the NYSE. That is exactly the same thing as owner's compensation.

But then I don't share the unique way of thinking that is apparently required when working for US immigration. Maybe someone knows definitely how owner's compensation is viewed. If I find anything I will post.