archusanu Posted May 30, 2014 Report Share Posted May 30, 2014 I am on H1b visa with green card in process. Can I own an absentee run business? I will continue to work for my employer. Existing employees will run the business but I will own (100%) the income, books, taxes , licenses (if any) etc. is there some legal issue with that ? Link to comment
rahul412 Posted May 30, 2014 Report Share Posted May 30, 2014 I am on H1b visa with green card in process. Can I own an absentee run business? I will continue to work for my employer. Existing employees will run the business but I will own (100%) the income, books, taxes , licenses (if any) etc. is there some legal issue with that ? No that's not allowed on H1. On H1 you cannot work for yourself. Link to comment
JoeF Posted May 30, 2014 Report Share Posted May 30, 2014 You can be a passive investor while on H1, but you can not do the books, taxes, or anything else. Essentially, you can put money into a business and, if the business is successful, you can get dividends if the company management decides to give out dividends. Doing the books or doing taxes is work as well, and you can't do that if you are in the US on H1. Somebody else would have to run the business, including all the financial stuff. If you don't want that, the business can not continue. Link to comment
t75 Posted May 30, 2014 Report Share Posted May 30, 2014 Sure. However, consult both an attorney and CPA to make sure your investment is protected. Link to comment
rahul412 Posted May 31, 2014 Report Share Posted May 31, 2014 No that's not allowed on H1. On H1 you cannot work for yourself. Sorry I didn't read the line "Existing employees will run the business". Link to comment
Attorney_23 Posted June 2, 2014 Report Share Posted June 2, 2014 And, don't forget about this possible option: “Entrepreneur” H1B Petitions: A New Option for Start-Up Companies? Link to comment
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