H1B - LLC - Getting paid

ram_in_md · #1 4th August 2005, 06:56 PM

HI all:

I am an H1B holder. I recently incorporated a partnership LLC with two U.S. citizens in the state of Delaware. All I did was invest some money to start the company.

It is a marketing company and all the work will be done by them both along with outside contractors/vendors. I am not working for the company in any capacity.

Here are my questions.

The company is generating profits currently. Can I safely receive a check for my share of the profits or is there anything I should be aware of before receiving them. From what I understand, I should be able to receive the money as a shareholder. Am i right?

Secondly, currently I am a non voting share holder. Can I be a voting share holder or is that not allowed. I would still not be running the company but as a voting share holder I would be allowed to vote on certain things like diluting the stock, bringing in new partners etc.

Thanks.

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