Can I own a business if I am on H1-B Visa

[H1Extention]

Hi Gurus
My question is very simple. I want to buy a business but I am on H1-B visa, am I allowed to have a business under my name on H1-B visa?

 

[Nishant11]

H1B has authorization for a specific employment. All other employment or business activities other than approved are illegal.

 

[great guru]

Yes. you can buy a business but you should not work or actively involve (sign a check) in the business.

You can employ people to look after your business. You should be a invester only not involving any day to day affair.

Hi Gurus
My question is very simple. I want to buy a business but I am on H1-B visa, am I allowed to have a business under my name on H1-B visa?