pradeeka Posted March 17, 2015 Report Share Posted March 17, 2015 Dear Friends - Greetings! thanks for your time!.. I have been working on a ecommerce product "X" that has a huge potential, I have recently met some investors and they are keen to invest on the product. I am currently working with company "A" on a H1 B Visa. 1. Should I start a corporation or an LLC? 2. Can I hold 80 % equity on the company? 3. How should I plan for my long term in the US? Thank you and look forward to hear your inputs!.. Regards PDK Link to comment
JoeF Posted March 17, 2015 Report Share Posted March 17, 2015 On H1, you can only be a passive investor, putting money into a business and otherwise staying out of it. See http://www.murthy.com/2014/01/28/home-based-businesses-inadvertent-unauthorized-employment/ As for company form, that depends on lots of factors. You should discuss that with the investors and a good CPA. Link to comment
pradeeka Posted March 17, 2015 Author Report Share Posted March 17, 2015 Thanks for the response JoeF.. I have been going through articles which suggest that it is legal for one 1. to own a company without working for it. 2. to work for his/her own company if he/she is able to show that his/her employment can be controlled. Can someone provide more inputs on the above.. thanks in advance!.. Link to comment
JoeF Posted March 18, 2015 Report Share Posted March 18, 2015 1. Is the passive investment thing I talked about. 2. Is the entrepreneur option. The board would have to control your work. I suggest the investors and you discuss that with a competent immigration lawyer. Link to comment
pradeeka Posted March 18, 2015 Author Report Share Posted March 18, 2015 Thanks JoeF. I am planning to meet someone this week. Link to comment
radhisanne1 Posted April 9, 2015 Report Share Posted April 9, 2015 Hi, I think you can own a company and have 80% share, but you need to make sure you don't work for the company, Can you please share your e-commerce product details? If interested, i'll willing to invest money Link to comment
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