Home: Message List - H1-B holder wants to start a company

Re: H1-B holder wants to start a company

seeker — Wed, 14 May 2008 09:41:19 GMT

I am not sure if H1B holders are eligible to make any profits from additional sources in US. If you cannot receive your profits from that company, why would you open it now and assign a CEO?

There are immigration law aspects to this

laborvisalaw — Fri, 04 Apr 2008 21:04:48 GMT

I would urge you to slow down and consider the immigration law implications of what you are trying to do. While you can open a company on H-1B visa, you cannot work for it. You can only be a passive investor.
http://www.laborimmigration.com/2008/01/s
tarting-own-company-on-h-1b-visa/
At the same time, while you can volunteer for the company, if you will "volunteer" in a position which is originally paid, then you will be considered to have engaged in unauthorized employment. Here's more information on this.
http://www.laborimmigration.com/2008/02/u
npaid-volunteer-work-on-h-1b-h-4-or-f-1-vi
sas/

Re: H1-B holder wants to start a company

cajawahar — Wed, 02 Apr 2008 22:40:23 GMT

first you contact to the embassy from where u are coming, the status of starting a company
there after contact a CPA firm for the formation of the company

H1-B holder wants to start a company

penaloco — Wed, 02 Apr 2008 20:29:55 GMT

Hello Everyone,

I am on H1-B Visa and work for a company in US. I understand that I can only for the company which has sponsored my H1-B, but at the same time I would like to start a company for the promoting services I would provide. So the questions are...

Type of company? (Corporation or LLC) Is there any limitation due to I am a foreign citizen?
Since I can not manage my own company, I have to appoint a CEO... can I limit its responsibilities? Does he/she have to be a Green Card holder or US citizen?
How can I draw money from it? Only through dividends?
Are there any limitations on the expenses charged to this new company?

Thank you very much

Best regards,