Want to invest in Business on H1B

[esource]

Hi , I am on a H1B and my company has filed my GC, my 1-140 is approved and am waiting for the PD to become current.
I have received an offer to become 3rd partner in a gas station as a sleeping partner.

I want to know if I am legally allowed to become partner of a company that owns the gas station.

How will I reflect the income of this gas station in my tax returns, since I get W2 from my H1B holding company for filing taxes.

Need you advise from immigration and tax prespective.

Also I want to assess if there is any risk to getting a GC because of this investment.

I will not be working in this gas station ,just be a partner in capital investment.

 

[tchennakesh]

I have the same kind of question.. Any response to this is very much appreciated.

Thanks

 

[hannah2]

I think you can, but study first the discussion in this link:

http://answers.google.com/answers/threadview?id=731971