H1B-Starting LLC

[jumbbbo]

Hi,

I am aware that this question has been asked several times in this forum, but the reason I am starting this thread is that I've not been able to view any of the replies given by JoeF and others.

My questions are:

1. Does starting a LLC by a H1B holder create problems during GC process ?

2. If the H1B holder can only be a passive investor and cannot technically work for the company, can he/she share/accept the company's profits ?

Your advice is very welcome.

Thanks in advance.

 

[tigon88]

Hi:

I am in similar situation too. To put matter worst, i also just quit my job and thinking of starting up a business in US. Let me know if you have any information on this same subject. Thanks

 

[saigc]

My questions are:

1. Does starting a LLC by a H1B holder create problems during GC process ?

starting a company does not BUT working for it without proper authorization will be a problem.

2. If the H1B holder can only be a passive investor and cannot technically work for the company, can he/she share/accept the company's profits ?

techinically YES. this is equivalent to buying stocks in a company. BUT in order to be a passive investor then someone should manage the company. that person can be your partner or the one you appointed (hired). hiring someone to manage your company is "working" - illegal in H1 - catch22.

again your appointed person should have greencard or ead or be a US Citizen.