owning a company being h1 holder

B

badhri

New Member
Hi,
I have couple of questions reg. my friend, here is the background
my friend is a h1 holder involved in business dev and acting as key person of a startup company being manged by another partner who has GC. Now that GC holder does not want to own the company and wants to get out of company. Most of the business for the company was through h1 holder whose title was business development.

1. can h1 holder be the president of the company?
2. can h1 holder get the stocks of company transferred onto his name? (its a startup and currently stockpapers on GC holder name) - I mean, can he hold the stocks of the company.
3. h1 holder had his RIR done through this company before, does not want to proceed for GC now. Can he have his GC done through someother company?

please advice me soon

I appreciate your concern

Thanks,
badhri
 
I appreciate your quick response

The h1 is from the same company.
But if the duties does not change, h1 holder can be president of the company owning the stocks?

Thanks
badhri
 
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