Starting a company on H1.

[seeker123]

Hi,

I'm on H1B now.

1. Can I start a company. If yes, is only LLC allowed?

2. Can I do my H1 Transfer to my new company?

3. Can I do my GC process thru my new company? Like filing labour/I14o etc?

4. If I go to India for stamping thru my new start up company, will I face any issues?

5. Can a group of H1B friends start a LLC company and hire a GC holder to run the company? If yes, can they process their GC processes thru their own company?

Thanks

[Chomage]

Anyone can start a company - citizen / resident/ foreigner. You can start one from your original country if you want - even if you're illegal because the company is a separate entity from you.
I believe only S-corporations do not permit non residents or citizens as owners.

The other questions are questions that I have myself - but be very careful about hiring yourself - you might want to partner up with people so they don't find you out - especially if you incorporate in a state where t he owners of the company is public information. In some states, that's completely confidential. ..... Good luck!

[great guru]

z

Originally Posted by seeker123

Hi,

I'm on H1B now.

1. Can I start a company. If yes, is only LLC allowed? LLC, LLP, Sole properitoty, Partnership and corporation

2. Can I do my H1 Transfer to my new company? YES, if you have other partner
3. Can I do my GC process thru my new company? Like filing labour/I14o etc? Yes, but it will not get approved .

4. If I go to India for stamping thru my new start up company, will I face any issues? yes , Lot of issues
5. Can a group of H1B friends start a LLC company and hire a GC holder to run the company? If yes, can they process their GC processes thru their own company? Yes. For green card processing the company should have atleast 2-3 years of +ve tax returns
Thanks