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With respect to ajiabs comment: I don't think all the states require 2 people for LLC. Every state has different rules. I would recommend that you refer your state's website and check the rules for LLC formation.

senk1s, thanks for the tip. I guess I would have to get in touch with an attorney to clarify my case.

I will appreciate if anybody can answer my questions. Thanks in advance.

Thanks for the response. One more thing, I want to mention is that I would be the sole authority for my LLC. Can I form an LLC with me as the only sole beneficiary while on H1B? BTW, have you done this kind of a transaction? Appreciate your response.

I am aware that I can form an LLC while on the H1B, but I cannot directly work in it. But what I am planning to do is, form an LLC and buy some investments through that LLC, and then completely sell the LLC. My question is, after forming the LLC and making some investments through it, can I...