HI all:
I am an H1B holder. I recently incorporated a partnership LLC with two U.S. citizens in the state of Delaware. All I did was invest some money to start the company.
It is a marketing company and all the work will be done by them both along with outside contractors/vendors. I am not working for the company in any capacity.
Here are my questions.
The company is generating profits currently. Can I safely receive a check for my share of the profits or is there anything I should be aware of before receiving them. From what I understand, I should be able to receive the money as a shareholder. Am i right?
Secondly, currently I am a non voting share holder. Can I be a voting share holder or is that not allowed. I would still not be running the company but as a voting share holder I would be allowed to vote on certain things like diluting the stock, bringing in new partners etc.
Thanks.
I am an H1B holder. I recently incorporated a partnership LLC with two U.S. citizens in the state of Delaware. All I did was invest some money to start the company.
It is a marketing company and all the work will be done by them both along with outside contractors/vendors. I am not working for the company in any capacity.
Here are my questions.
The company is generating profits currently. Can I safely receive a check for my share of the profits or is there anything I should be aware of before receiving them. From what I understand, I should be able to receive the money as a shareholder. Am i right?
Secondly, currently I am a non voting share holder. Can I be a voting share holder or is that not allowed. I would still not be running the company but as a voting share holder I would be allowed to vote on certain things like diluting the stock, bringing in new partners etc.
Thanks.