Consultancy Business on H1B

[rajat23]

Hey ****,
I have a few questions for you.

1) Both me and my wife are currently on H1B working for different companies. Is it possible for my wife to open a consultancy firm (company Y) in partnership with a friend who is a PR, assuming that my wife does not actually work for Company Y?

2) Is it possible for my wife to reap financial benefits in form of dividends/income from that company provided she is only an investor and in no way responsible for managing the day to day activities of the company. Her friend who is a PR will be responsible for making all those decisions.

3) I work as a consultant for X company, can I have another H1 to work part-time for my wife's company say for working 20 hours a week for the same kind of job profile that I am currently in? Do you see any reason that the INS would refuse a H1 petition for that?

4) Would a partnership firm be the best way to get into this business?

I have read most of your responses to other similar questions but was a little bit confused. Hence, decided to be specific with these questions.

Appreciate your response to these in advance.
Thanks.

[rajat23]

Thanks a ton ****