My friend is an Greencard holder and I am an EAD holder, Can my friend open company on the Greencard and he will be the primary owner but I can just have him on the company as a sleeping partner and he shared only 1 to 5% and Can my wife who is also on EAD can be 99 to 95% share holder.
1...I talked to the Local-Secratery of State but I didn't get clear answer they say ,He should be an US Citizen and not a Greencard holder to open the company...Can the Greencard holder open the company???..I see many Greencard holders opened their software consuting company.
2. My friend leaves in STATE (A) and I leave in State(B) and we are planning to open the company under State(B) address.
3.Which one is safe and better LLC or S-CORP, I am open to any of them.