Forming LLC on H1B

Google
somepeace

Go to company page Google

somepeace
Oct 25, 2021 8 Comments

I am planning to form a LLC for my side project and not sure if I can do that on my H1B. Folks who have started companies on H1B, how did you go about the legalities?

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TOP 8 Comments
  • You can be founder, but not an officer/employee .

    I.e. you can contribute money/property to the company, but not your labor.

    For an example can be an owner of AirBnb rental, but can not be actively involved in running it (other’s partners must do all management/cleaning/customer support etc.).
    Oct 25, 2021 2
    • Microsoft
      🥜☕️🤡

      Go to company page Microsoft

      🥜☕️🤡
      Wait, for real?

      What if I say its not my labor, I’m just helping the LLC(which i own ofc) for nothing in return?
      Oct 25, 2021
    • If you do provide some labor and not “passive investor” - it’s considered as an violation.

      If LLCs is making money - you get your share of business profits attributed to you even without owner draw (pass-thru taxes will be visible on returns).

      It’s a violation even if your company does not make profits or setup as non-profit organization.
      Not making profits on LLC can be even worse as IRS can consider your company as a hobby and not business. You are expected to have a business plan to make profits.
      Oct 25, 2021
  • FactSet
    blind.af

    Go to company page FactSet

    blind.af
    Lol, you cannot even run a YouTube channel that makes revenue from ads on H1B.
    Oct 25, 2021 0
  • SAP
    bluecity

    Go to company page SAP

    bluecity
    Google allows employees to work on side projects?
    Oct 25, 2021 0
  • New
    EuNE44

    New

    EuNE44
    Op I'm willing to continue dm for details :)
    Oct 27, 2021 0
  • Superior Construction
    tvatvt

    Superior Construction

    tvatvt
    Just dont create it in your name. Use your parents name.
    Oct 25, 2021 0