Opening a company while on H1B visa

H

h1bcompany

Registered Users (C)
Hi All,


Is it possible to open a company either a LLC or an INC while holding a H1B Visa? If yes, what is the procedure? I read in a couple of sites that one cannot work for their company and draw salary while on H1B Visa and require person who has permanent work permit (GC/US Citizen). Is this a general procedure or is there a way out?

Thanks in advance.
 
I believe that you can open a company, but you cannot "work" for that company on H1B. In other words, you cannot employ yourself on H1B.
 
Is it possible to open a company either a LLC or an INC while holding a H1B Visa? If yes, what is the procedure? I read in a couple of sites that one cannot work for their company and draw salary while on H1B Visa and require person who has permanent work permit (GC/US Citizen). Is this a general procedure or is there a way out?

---- Yes. Open a company and then apply for either a full-time or a simultaneous H-1 for your own company. There are a few conditions applicable. First, you must be working in your own area of expertise. For example,a Scientist may NOT open a company selling cosmetics. Second,
technically, your company must pay your wages even if the company is
not making any money. All other regulations applicable to H1 remain the same

Subramanya
 
Thanks subramanya.

If I am understanding correctly,

(1) I can work for the previous company and still own a company under my name?
(2) I am not interested to transfer my H1B to my new company, but can I still work for it?
(3) I heard from friends that you need permanent work permit holders like GC or US Citizen to do all the work for the company and I can only be an investor?

Please, Let me know
 
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