to start a consulting company with a resident

[kshatriya]

i am on h1 and i am planning to start a company with a resident.
can i be the owner and he being an employee(can i hire some one to run my company ,i being on h1)
or should i make him a partner who will be having power of authority

i will not take money from the company but can i be the owner and not take money from the account and work for it voluntarirly

can i claimexpenses while filing taxes?is it legal

can i work for it volutarily till i get my gc and just file taxes in the meantime as a owner of the company

 

[great guru]

z

i am on h1 and i am planning to start a company with a resident. You do not need a resident to start a company in US. You can start yourself.can i be the owner and he being an employee YES (can i hire some one to run my company ,i being on h1)
or should i make him a partner who will be having power of authority NO need.
i will not take money from the company You can take money from company as profit and show it in your tax return. but can i be the owner and not take money from the account and work for it voluntarirly (you should not even work volunterily)

can i claimexpenses while filing taxes?is it legal If it is corporation, corporation Profit loss you can file separately. If it is a propritory or LLC you can combine LLC and your income for tax purpose.

can i work for it volutarily till i get my gc and just file taxes in the meantime as a owner of the company