Starting a Business in the USA on STEM OPT: My Journey

My Journey of Starting a Flower Shop in the USA on STEM OPT

Starting a business is a rollercoaster ride filled with ups and downs, but every step is worth it! I’m excited to share my entrepreneurial journey and experiences, especially for those planning to use self-employment to maintain their OPT status or exploring entrepreneurship. 🌈

Getting Started: Company Registration

I opted for a C-Corp registration since it is better suited for companies that may seek funding in the future. The process was straightforward, and I hired an accounting firm to handle it for me, which cost **$500**. If you’re on a tight budget, you can always choose to DIY and register it yourself.

💡 Tip:

• If your entrepreneurial plan is just a short-term trial, an LLC might be more suitable due to its simpler and less costly registration process.
• For those with long-term entrepreneurial plans or funding goals, registering a C-Corp is the way to go. 🌟

How to Navigate Your First Year of OPT

The rules during the first year of OPT are relatively flexible, allowing for self-employment. You can register the company in your name, giving you ample time to explore opportunities. If you’re not ready to commit to full-time entrepreneurship, this is a great time to explore the market, build resources, or even find a full-time job. 🌟

Understanding STEM OPT Extensions

While on STEM OPT, there are several key points to keep in mind:

1. Employer Identity Requirement: You cannot be fully self-employed; a legal third party must serve as the company’s responsible person. Ideally, you should hold an employee position within your own company.
2. E-Verify Certification: Your company must complete E-Verify certification, which is a quick process done online.
3. I-983 Training Plan: You need to fill out and submit the I-983 training plan form to your school, detailing your job responsibilities, training objectives, and learning plan. This document is mandatory for STEM OPT. 🌟

Connecting Your Business to Your Field of Study

It’s essential to align your business with your academic background. If there’s a disconnect, you can reasonably explain your role and its relation to your degree. For instance:

Although I studied marketing, my flower shop business required me to work as a “Marketing Executive,” focusing on social media marketing and advertising.

💡 Suggestion: Ensure to provide a detailed description of your role and skill applications in the I-983 form to maintain alignment with your field of study.

Long-Term Planning: Status and Entrepreneurship

If your company performs well, consider applying for an O-1 Visa (for individuals with extraordinary ability) or target the EB1 Green Card! 🌟

• O-1 Visa: If you have notable achievements within your industry, pursue this option.
• EB1 Green Card: Designed for exceptional entrepreneurs and talented individuals, prepare comprehensive evidence of your business operations, such as tax records, project outcomes, work hours, and payroll documentation.

Choosing self-employment during your OPT period not only helps maintain your status but also builds practical experience that can facilitate your long-term career growth. Remember to stay compliant: file taxes on time, keep operational records, and prepare necessary documentation.

I hope my experiences inspire and assist you in your entrepreneurial journey! 💼🚀 If you need a reliable CPA to help register your business in the USA, feel free to reach out! 👍