H1B start biz and work as a volunteer ?

Riversidewalrus

New Member
Is it legal for H1B/H4 holders to start a business, and work actively for the business without taking wages? i.e. working as a volunteer without employment relationship.

If the business makes profit, it can either be expensed before being taxed by the means of, say, a luxury company car, and office furnitures ;-)

If there is still profit, then distribute it as divident.

Does it shound legal?

Thanks,
Walrus
 
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