Owning a Company on H1-B

C

corp_h1b

New Member
Hello,
Can I own an corporation (C-corp or S-corp) if I am on H1-B? I do not plan to run a paystub for me from my own company. I would take the profit as a divident and make investment to the corp to save from my taxes.

1. Would there be any problem while applying for my GC as I will apply for it soon?
2. Can you own a corporation while you are on your H1-B, although you are not working for it?

Any help would really be appreciated.

Thanks,
Corp_h1b
 
Yes. You can own a corp while you are in H1, but you must be very very clear about how you are going to run the operation of your corporation. Signing a check for your corporation also considred as you are working for your corp. (Whether you are taking a pay check or not.)


corp_h1b said:
Hello,
Can I own an corporation (C-corp or S-corp) if I am on H1-B? I do not plan to run a paystub for me from my own company. I would take the profit as a divident and make investment to the corp to save from my taxes.

1. Would there be any problem while applying for my GC as I will apply for it soon?
2. Can you own a corporation while you are on your H1-B, although you are not working for it?

Any help would really be appreciated.

Thanks,
Corp_h1b
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