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2 Replies Last post: Apr 13, 2009 10:13 AM by invest2shine

H1B Visa Holder's company getting paid

Apr 12, 2009 3:19 PM

invest2shine 2 posts since
Apr 12, 2009

Hello,
I am sure similar posts are lying around but I cant get myself to it. So, here i go. I am a H1B Visa holder trying to start a company so that my part-time work can be used to make some money. Having learnt that I can start a company but cannot 'work' for that company, I have one question in this concern.

(1) If I start a company, not including any other Green card / Citizen to partner with, thus me being the only person in that Incorporation, can my company have a bank account and receive payments from clients?

Basically, I am inquiring if someone is paying for my work but not to me but to a company that I own.

(2) Although, i can see that even if I get paid ( i.e ..a client paying my company a cheque..), Can i draw money from that company account for personal use?

Your comments are greatly appreciated.

Thanks,

invest2Shine

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PrincetonPS 2 posts since
Apr 8, 2009

1. Re: H1B Visa Holder's company getting paid Apr 12, 2009 8:06 PM

Yes, you can start a company on H1B visa and can open an bank account also...but you cannot sign/write a check to yourself or any of your employees, hence many people tie up with EAD,GCor Citizens. Being on H1B, you can work only for your sponsoring company. I am not an immigration attorney so pls consult an good immigration attorney.

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invest2shine 2 posts since
Apr 12, 2009

2. Re: H1B Visa Holder's company getting paid Apr 13, 2009 10:13 AM

in response to: PrincetonPS

Thanks for your answer. So, indeed, my company can get paid by clients? Also, If I can open a bank account on my company name is there anyway I can access those funds ?

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ForumsStarting a Business

This Question is Not Answered

H1B Visa Holder's company getting paid

Apr 12, 2009 3:19 PM

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