Success Rate on H1B initiated companies?

Z

Zoner

New Member
Greetings,

I can safely say that i've comprehensively read most posts in this forum and have not come across a single thread where there's a post of any successful business from an individual on a H1B visa..when i say successful i mean where an individual on an H1B Visa has started/formulated a company, employed and had it managed by someone else and in due time earned dividends from the profits generated.

Needless to say, I'm too am on a H1B visa in the "start a business" mode, but most of the posts/replies that i read here are about what one can't do rather than what one should be doing !

Any optimists out there who have had the firepower to SUCCESSFULLY start a company before greying (which, according to me is equivalent to waiting for your Green Card) ?

If so, I would love to get in touch with your lawyer...

Cheers,
Zoner
 
I appreciate u're prompt reply...So then if its all about investing and passively watching the fate of such a company, why did'nt u just invest in the stock market instead ?
 
Can you start business on H1 - Yes.
Can you "run" it - No.
Anybody started a business on H1 - Yes, I have!

I started a company with a US citizen and essentially, I was not working for the company, my partner was. I should add, though, that I started the company mainly because I knew that I was going to get my GC in less than an year and I was essentially ramping up for the day I get GC and I can go all out for business. It takes a long time to actually start generating revenues, as against simply registering a company! In my case specifically, while I was on H1 for an year, my company made $0 in revenue, although I developed lots of business contacts that I am reaping the fruits of, right now.

Good luck!
 
More Details

Hi Octa,

It was really nice to see something positive in this forum, which gives hopes....

Can you explain in more details what exactly you did?

For example...

What was the structure of your company?

How did you maintain paper work?

Who filed taxes if you or ur partner did file?

Any problems you faced in registration?

Do you have any website for you company that i can visit?

Thanks for your help
Rgds
Sudesh
 
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