Can Illegal Immigrants Own Real Estate Businesses in the U.S? Local Records Office

LOCAL RECORDS OFFICE – LOS ANGELES, CA – Illegal immigrants residing in the United States without proper documentation have had real estate businesses for many years. There are no laws to preclude anyone from starting a business in the United States. However, an undocumented person residing in the U.S cannot form a corporation. If the person for some reason gets deported, well then he or she has no recourse but to loose it, sell it, give it away, or have someone else manage it. It would be a good idea to have a plan “B” just in case this happens.

 

FYI. Obtain an Individual Taxpayer Identification Number (TIN) from the IRS, then get a federal taxpayer ID number from the IRS, too.

 

“Owning a business as an illegal immigrant is not impressible but it wont be easy”

 

Once you have those, go apply for a business license, and a fictitious business name and register your business where you plan to locate it. It is not that simple but for the sake of time, those are the appropriate steps.

 

Illegal Immigrants Are Known to Work Harder to Accomplish the American Dream

 

  1. Owning a real estate business as an illegal immigrant is not easy but it’s not impossible. Below we have listed the things an illegal immigrant will need to start a business.

    It will be difficult for undocumented immigrants to secure credit, especially without SSN.  Without SSN it is also difficult to open a bank account, though it is not entirely impossible (he’d still need to apply for an ITIN from IRS, which will require him to provide a foreign passport, which may be a problem if he is from a country that persecutes him).

  2. Leasing a shop space, again for the same reason, may be challenging, but if he has a good personal connection with community, he can probably strike out a handshake deal.
  3. He will have to be the owner and sole proprietor of the business, since if he incorporates the business he may have to become an “employee” of that company and that will bar him from being “employed” by his own company (i.e. he has to provide an I-9 form for himself, which is not possible due to his status).
  4. State and local laws in some areas may require a proof of legal status for various permits and professional licenses.
  5. He won’t be able to qualify for SBA loan or any other government-backed financial help.
  6. If he will be building bikes using used parts, he may need to register with the police as a dealer of used goods, this may draw unwelcome attention from the law enforcement, which could lead to problems depending on where he is located (Arizona, Alabama, etc.).

 

Illegal Immigration Is the Backbone of the United States of America

if he or she starts small, however, he might be quite successful.  And whatever money he makes, most of that will go back to the local economy, as he is most likely to live on the money instead of sending it out abroad.

 

Young Illegal Immigrants Are Becoming Homeowners Due to Obamas 2012 Deferred Action for Childhood Arrivals (DACA)

daca

In June 2012 the Obama administration started a policy that allowed young immigrants who were brought to the United States as children to receive a work authorization card, social security and deportation relief known as DACA. This was a big step for young immigrants since they are now able to get credit, own business, open bank accounts and apply for higher education.

To learn more about real estate and Local Records Office go to http://www.Local-Records-Office.com/articles/

 

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