I am sorry if this is the wrong forum but I posted in the Business forum and got no response. Hopefully someone can help me out here.
I am nervous if I am doing something illegal or whether this will affect my GC application.
I have been in the U.S under the TN visa. During this time I also started a C-corp. I was told it would be ok as long as I do NOT draw a salary. But now I am hearing conflicting stories, some say I am NOT even supposed to run or oversee the company for free.
It's a small business that makes next to nothing over the years.
I am planning to switch from TN to H1B and then eventually apply for GC etc.
Will the fact that I own a C-corp hurt my chance of eventually getting a GC ?
What should I do ? Is it too late for me to sell the C-corp to my partner for $1 and dispose of the company that way ?
Any advice would be appreciated. I have lots of sleepless nights because of this. I should have asked more people before opening the C-corp. Big mistake.
I am nervous if I am doing something illegal or whether this will affect my GC application.
I have been in the U.S under the TN visa. During this time I also started a C-corp. I was told it would be ok as long as I do NOT draw a salary. But now I am hearing conflicting stories, some say I am NOT even supposed to run or oversee the company for free.
It's a small business that makes next to nothing over the years.
I am planning to switch from TN to H1B and then eventually apply for GC etc.
Will the fact that I own a C-corp hurt my chance of eventually getting a GC ?
What should I do ? Is it too late for me to sell the C-corp to my partner for $1 and dispose of the company that way ?
Any advice would be appreciated. I have lots of sleepless nights because of this. I should have asked more people before opening the C-corp. Big mistake.