Can I start my own company on EAD?

[hanmanthr]

My I-485 is pending and I have been on EAD for over 4 years. I still work full-time for the employer who filed for my I-485. I know a company that wants me work part-time basis (weekends) without going through my employer. What are my options?

Can I work for a second company part-time while I am on EAD and get paid directly? If I can, should it be W-2 only or I can get paid through 1099?

Can I open a company and work part-time for it? If I can, are there any restrictions?

My wife also has EAD (via my I-485), can she start a company?

Please share any information you know.

Thanks in advance...

[spam70]

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Hi,

I am looking at starting a non-IT export oriented business. I expect moderate amount of profot from the first year itself. I have a valid H4B through my spouse, and a valid but unused EAD. My spouse is on H1B with a valid EAD.

Here are my questions and learnings from the research. Pl. comment/advise:

1. Looks like I have three options - H4B, EAD, or H4B with GC/USC partner

My preferences are as given above. Could you pl. give your preferences with reasons?
For me H4B is a safe choice, as our FBI name checks are pending for more than 3 years, and would like to keep H4B just in case the GC is rejected. However, I would prefer going with EAD option than H4B + partnering with a GC/USC

2. There are three options for the type of the company - C-Corp, S-Corp, LLC

Since the company will have profit from day 1, which of the above is preferred and why.

I really appreciate and value your advice and recommendation.

TIA