Passive investor in a business on H1b visa

[lookin4GC]

I am on h1b visa, in my 9th yr. Labor not approved yet, my file is gathering dust in some office in a backlog center. Here's the deal :
I and my close friend ( already a GC holder) would like to start a LLC and will be exporting stuff across the globe. Both of us will have 50% stake.

My questions are -

1) Can I be a passive investor and later apply for Investor GC ?

2) What rules and/or regulations restrictions come into play in this case ?

3) Can I get some allowances from LLC for travel to meet trading partners outisde US ?

4) Last question, Can I open my own company and never take a penny out of it for me. All transactions will be through the business account.

Thanks a lot. This forum is just great ...

[newbies]

Originally Posted by lookin4GC

I am on h1b visa, in my 9th yr. Labor not approved yet, my file is gathering dust in some office in a backlog center. Here's the deal :
I and my close friend ( already a GC holder) would like to start a LLC and will be exporting stuff across the globe. Both of us will have 50% stake.

My questions are -

1) Can I be a passive investor and later apply for Investor GC ?
Yes, if your country is in the list for E visa.

2) What rules and/or regulations restrictions come into play in this case ?
Answer in 1

3) Can I get some allowances from LLC for travel to meet trading partners outisde US ?
NO You are a passive investor. You can not work for the company unless you hold E visa or EAD

4) Last question, Can I open my own company and never take a penny out of it for me. All transactions will be through the business account.
YES, but you must hire CEO to run it. You are not allow to involve in any operation.

Thanks a lot. This forum is just great ...