H1B+LLC Question for ****

[sudesh_agrawal]

Hi ****,

I am on H1B, and reading thru the threads here i came to realise that i can start a company but can not run it.

I have a friend who is US citizen, who is ready to run the company while i do the capital investment.

Can you suggest what is best possible way to accomplish this without need for hiring anyone? Can we form LLC with partnership? Maybe you can throw some light on this.

Your help is really appreciated

Thanks
Sudesh

[sudesh_agrawal]

Originally Posted by ****

What do you mean with "without the need for hiring anyone"? Anybody who works for a company is an employee, by definition. Even in a sole proprietorship, like what I do, it is called "self-employment", i.e., I employ myself...

For specifics on a particular company form, you would have to ask a business lawyer or a CPA. I am not knowledgeable about the specifics of most company structures. In fact, I personally would not even think of forming anything other than the sole proprietorship without the help of a CPA or lawyer.

In particular if you form this with a friend. I have seen too many friendships falling apart over business and money disputes. Things like this need to be formalized with contracts, and that's where business lawyers come into play.