Any help on doing business while on H1B

ked

Registered Users (C)
Hello,

I am currently on a H1B visa and am thinking of getting into a business with a few of my friends.

Questions:

1) Is this possible?
2) If NOT then can a person with H1B become a silent partner and not have any problems?
3) Is it OK to become a partner in a business if the business is in the name of a US citizen?
4) What are the legal and Tax implications?

Please can somebody help?

Regards.
 
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