Hi everbody
I've found this forum tonight, and have been searching and reading for hours. This is a great resource, and than you all for this great forum.
I will briefly describe my situation and ask for advice.
I've come to the US 2.5 years ago for my masters degree, and was offered a job while working on my masters. I have accepted the job and have been working with H1b for about a year. My wife came with me with F2 visa, and transferred to H4 when I got my H1. She's an MD and she's done with her licensing, she got a job offer in NY and the hospital will sponsor her H1 (not green card). Since we live in MN, my plan is to move with my wife to NY, and to start a company (invest in a company). I've been working as an ecommerce consultant, and my project is to employ 2 (US citizen) employees, and let one direct the company and other employee help the director. I've a solid business plan, and my goal is to have 5 full time employess within 6 months, and 10 employees at the end of 1st year. The prospective director is a close friend of mine who was born and raised in MN, and he's a very smart guy. I've already taught him a lot about ecommerce, basically he's going to implement my project. I will not be involved with any work (I will only own the company). But I'd like to do everything legal, and the company should pay its taxes and the #1 goal should be to employ more people. Here's my questions:
1. Is my plan fully legal, if not what should be your advice?
2. At which point I can officaly work and/or apply for an invester visa (or gc)? I know the $1M rule, but my projection is the company will reach that goal less than a year.
3. In the worst case scenario, can I wait for my wife to start GC process and involve with the company work after we both get our work authorization through her?
4. What type of company should you advice me to start with, and would you also compare the most suitable company types for my situation? (e.g. LLC, S-Corp etc.)
Thanks in advance
I'm a hardworking guy with a big dream, and I'd appreciate any help you will provide.
I've found this forum tonight, and have been searching and reading for hours. This is a great resource, and than you all for this great forum.
I will briefly describe my situation and ask for advice.
I've come to the US 2.5 years ago for my masters degree, and was offered a job while working on my masters. I have accepted the job and have been working with H1b for about a year. My wife came with me with F2 visa, and transferred to H4 when I got my H1. She's an MD and she's done with her licensing, she got a job offer in NY and the hospital will sponsor her H1 (not green card). Since we live in MN, my plan is to move with my wife to NY, and to start a company (invest in a company). I've been working as an ecommerce consultant, and my project is to employ 2 (US citizen) employees, and let one direct the company and other employee help the director. I've a solid business plan, and my goal is to have 5 full time employess within 6 months, and 10 employees at the end of 1st year. The prospective director is a close friend of mine who was born and raised in MN, and he's a very smart guy. I've already taught him a lot about ecommerce, basically he's going to implement my project. I will not be involved with any work (I will only own the company). But I'd like to do everything legal, and the company should pay its taxes and the #1 goal should be to employ more people. Here's my questions:
1. Is my plan fully legal, if not what should be your advice?
2. At which point I can officaly work and/or apply for an invester visa (or gc)? I know the $1M rule, but my projection is the company will reach that goal less than a year.
3. In the worst case scenario, can I wait for my wife to start GC process and involve with the company work after we both get our work authorization through her?
4. What type of company should you advice me to start with, and would you also compare the most suitable company types for my situation? (e.g. LLC, S-Corp etc.)
Thanks in advance
I'm a hardworking guy with a big dream, and I'd appreciate any help you will provide.