F-1 student hiring US citizen

A

Actives

New Member
Hi!
I have seen the posts and the information is really good enough to have basic idea about some legal rules in USA. I understood that F-1 can start a company but not supposed to work. What I will do is register my company, get tax ID and employer ID. I will then hire US citizen and he will buy wholesale stuff and retail on my website. He will be the CEO and I will do nothing except investing money for him whenever he needs to buy stuff and watch him. Later I will get dividends depending on the profits. That's it. Is it legal? If not, what can I do to buy wholesale stuff?

Joef and others, please advice. I very much appreciate your kind help.
Thanks!
Actives
 
Thank you very much Joef for your helpful reply. I think I was not able to make it clear. What I am going to do actually is form a C corporation, get sales ID,EIN and merchant account. Now the US citizen, who is my best friend, I will tell him "Hey buddy, here is my company and some money in your hands, you are the CEO, do whatever u want? u can use my sales ID, merchant account for buying stuff and processing payments if u want" (as he is my best friend for more than 15 yrs and also know that he is a dedicated worker, i believe him that he will work for welfare of company )

This is what I am going to tell him. Also mainly, I also want to know if it is legal for F-1 to have merchant account and sales ID??!! If it is not legal, please suggest me the best way for this problem.

Long live Joef who is helping others with his/her valuable opinions.
Sincerely,
Actives.
 
Can a J 2 start a buisness and then apply for buisness related visa / green card?

I am a J1 Physician & my Spouse a J2 but he wants to start a buisness here & change his & our status?
Is that possible?
Please reply
 
Hey Joef

I don't agree with your term that you cannot get GC through a company that you own more than 5 %.

Here's what i think :
For employment based GC on Category 1 is managerial and executive level. It is not uncommon for person not having stock options these days. A stock holder is considered owner of company.

It is nowhere written about this 5% rule.
 
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