inquirer1234
New Member
Folks,
Is there any restriction on a contractor on an H1 (contracted out by company A) owing equity stake (say 30%) in a company B and working for company B as a contractor AT THE SAME TIME (if the contractor is on an H1 by Company A, he should not be violating any rules of owning 5% stake in company B cause H1's can own equity stake in a comapny that does nto sponsor their H1)
Do contracting laws prevent owning stake in other companies- any problems with this ?
Would appreciate advice as always
Is there any restriction on a contractor on an H1 (contracted out by company A) owing equity stake (say 30%) in a company B and working for company B as a contractor AT THE SAME TIME (if the contractor is on an H1 by Company A, he should not be violating any rules of owning 5% stake in company B cause H1's can own equity stake in a comapny that does nto sponsor their H1)
Do contracting laws prevent owning stake in other companies- any problems with this ?
Would appreciate advice as always