newuser21 Posted July 6, 2012 Report Share Posted July 6, 2012 Hi, I am on H1B in NJ. apart from my actual H1B job, Am I allowed to invest in a LLC (in NJ or NY) company as a minority (upto 49% share)? What are the restriction in this type of investment? I will not be working as an employee. I wish only to get return for my investment, without doing any actual work for the firm. Is it possible? Thanks Link to comment
Attorney_22 Posted July 6, 2012 Report Share Posted July 6, 2012 Generally, truly passive investment is acceptable when in H1B status. However, if your 49% share requires any commitments beyond investment of capital it may be considered unauthorized employment thereby violating your H1B status. If you have additional questions it is advisable to speak directly with a qualified U.S. immigration attorney. Link to comment
wiweq Posted July 9, 2012 Report Share Posted July 9, 2012 => 49% share DOES require a work. If USCIS asks, you will find hard time to prove that no work was done to maintain 49% share in a company. Link to comment
newuser21 Posted July 10, 2012 Author Report Share Posted July 10, 2012 So what are my options here? What is really considered as "work" and what is not? Link to comment
wiweq Posted July 11, 2012 Report Share Posted July 11, 2012 "So what are my options here? What is really considered as "work" and what is not?" => Better to involve an expert attroney. S/he can help you better than an online forum. Link to comment
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