Adding a partner who has H-1B status

S

SK_Chicago

Registered Users (C)
Hi,

I have started a small business Inc., a software consulting co.
I'm working as an employee and started generating income by working for a client.
Right now, this is the only income for the company.
I'm a GC holder.

One of my friends (H-1B status) would like to be a partner of the company.
He has some contacts to do consulting business, and would like my company to act as a middle company.
I have to pay him a percentage of the money generated from this business.

How can I pay him? He is holding another company's H-1B and getting paid from that company?
I don't want to issue company shares just based on his income.

Please let me know.

Thanks in advance
 
Joe,

Thanks for your response.

My friend has H-1b visa from another company and working for that company. Currently I'm the only one working for my company. My friend would like to be a parter of my company. He is not going to work for my company, so no need to transfer his H1. I have to issue him some company shares. He is going to refer consulting openings and candidates from his contacts and he is expecting part of the billing from this business.
e.g., if he finds a consulting opening and places a candidate, and this candidate generates $1000 per month, I have to pay my friend part of this $1000. How can I pay him? I don't want to give additional shares to replace this amount.

Please share your knowledge.

Thanks in advance.
 
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