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    3 Replies Latest reply on May 14, 2008 5:41 AM by seeker

    H1-B holder wants to start a company

    penaloco Newbie

      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...

      1. Type of company? (Corporation or LLC) Is there any limitation due to I am a foreign citizen?
      2. 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?
      3. How can I draw money from it? Only through dividends?
      4. Are there any limitations on the expenses charged to this new company?

       

      Thank you very much

      Best regards,