Entrepreneurial H1B/ Concurrent H1B


mindsight

Recommended Posts

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
  • 3 years later...
  • 4 months later...

Archived

This topic is now archived and is closed to further replies.