mindsight Posted June 1, 2015 Report Share Posted June 1, 2015 Hello, I am on H1B with approved I-140, I have couple startup opportunities to be a co-founder. I have read about the entrepreneurial H1B and concurrent H1B options, however I have few questions specific to my situation. Here is my situation: Startups will not generate revenue or get venture capital right off the bat, so it will not be able to pay me the salary. I will be working part-time on the startup while continuing my current consulting project to support myself until startup generates enough revenue. I need to be a partner in the LLC or C corporation with my co-founders. I would like to continue the GC processing and not hamper it in any way. Here are the few questions I have What are my options given the above constraints? Is it better to form my LLC that will be a partner in the startup instead of me as an individual being a partner? Can I or my LLC participate in multiple startup ventures at the same time? Thanks in advance for your inputs! Link to comment
Ragothaman Posted September 27, 2018 Report Share Posted September 27, 2018 Hi there - I’m in a similar predicament. Would it be possible for you to share what you learned about this? Thanks a ton. Link to comment
Ogilve Posted February 26, 2019 Report Share Posted February 26, 2019 @mindsight did you receive any information on this topic? Did you consult any attorney? I am interested to know about this Link to comment
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