Satrting a business with a F1/H1 Visa holder

[Katy101]

Hello All,

I am a US permanent resident. I am a Dentist and want to set up a LLC with a new University graduate with F1 Visa and start my own practice.

1. My partner's H1 Visa will be sponsered by some other provider where he will work part time. Can he still work in our own business and draw salary ? If not, can her work as a passive/honorary worker ?

2. At the end of the year, when we do the taxes, the profit(hopefully) will be passed through to our personal tax returns. Is it OK for a H1 Visa salaried person to show capital gains from his company.



Thanks.

 

[ajiabs]

If your partner is on OPT, it should be okay in the short term. I am assuming your partner is in the same field.

If that's not the case, she cannot work part time with an H1 sponsored by somebody else. Even working with no pay and taking only profit share is still against the rules. But she can be a partner, investor and take profit share as long as she does not work in the dentistry.

Aji