Investing in a Food Franchise

[GAURAVCGANDHI]

Hi,

I have a bunch of friends(Green Card and Citizens) who are opening a food chain franchise and planning to register a LLC. I want to be an investor, only inactive and not obtain any salary from the business. But will take appropriate profit per month or year.

 

I am currently on my H1, and my firm is applying for my green card.

 

I think its legitimate, but want to know everyones opinion.

 

Will appreciate your response.

Thanks

G

[omshiv]

Im not sure if that's possible.

[JoeF]

You can be a passive investor, putting money into a business and otherwise staying out of it.

An LLC may not be the appropriate company form in this situation.

[GAURAVCGANDHI]

Thanks for the reply. If not LLC, what will be more appropriate?

 

Thanks in advance.

[omshiv]

Thanks for the reply. If not LLC, what will be more appropriate?

 

Thanks in advance.

 

Sit with a CPA..I would guess it would be LLP.

[satish.sap970]

Hi,

I have a bunch of friends(Green Card and Citizens) who are opening a food chain franchise and planning to register a LLC. I want to be an investor, only inactive and not obtain any salary from the business. But will take appropriate profit per month or year.

 

I am currently on my H1, and my firm is applying for my green card.

 

I think its legitimate, but want to know everyones opinion.

 

Will appreciate your response.

Thanks

G

 

You can invest and just take the profits... 

 

You cannot discuss any business plan or work for them (I hope you understand what I mean here) even when you are having a beer mug in your hand...