Have been doing a ton of homework in the last few months. Goal is not to set up a outsourcing entity but a SaaS product. I want the IP to be owned by US entity to facilitate any acquisition in the future. Cannot get green card till 2040, eb2 queue entering 2019. Is there any path apart from the following: Setup Delaware C corp, create India subsidiary of said entity, book revenues into C corp and employ entire workforce in Bangalore? Sales people in the US are employees of US entity. Have you seen any other models work? I'm just trying to see if I can start without leaving the US. Coming back to a US job isn't easy once you leave. (join YC and get an O1 visa: No, YC rejected this already. Unshackled ventures not an idea since path unclear after their program.)
One other thing you need to note is how your app take payments; it is much simpler if your company is registered in US. “Coming back to a US job isn't easy once you leave.“ This is not true, as long as you have 140 and H1B you will never fall under CAP. There is no way legally you can run a c-Corp all by yourself living in US.
I don't have i140 mate, need to start the process
It is possible. It is just that you cannot own majority of the company. Try to meet an investor and discuss.
I don't want to be in a position where the team knows their CEO can be thrown out at any point. Have you seen any structure like this work somewhere? Theoretically yes I agree yes it's possible.
I know a couple of guys who did it. They even raised money. Advantage is you can apply for green card in EB-1. No, I don’t think it means you can be thrown out. I think it means you cannot own the company(100%). I think there should be some kind of a board to fire you. You have to check this with the attorneys before you make a decision.
1) Get an H1b transfer to your own company as CEO - very tough but doable if you have some funding. 2) whoever said YC was necessary for O1 ? You can get O1 if you qualify the preconditions 3) Try EB1A
Mate I can't do 2 and 3, that's one of the first things I enquired
What do you mean by you can’t do ? If you do not qualify now you can try to qualify in the future
OP, how old are you btw ?
This can be done in US. I know someone founded a company (raised seed and A round which really helped) and approved for eb1. Talk to immigration lawyers and investors, they know this is possible.
You mentioned “Unshackled Ventures” in your post. What about it? It didn’t work out because?
India
Yesterday
810
Modi is done.. the domino effect has started
Health & Wellness
Yesterday
1216
How can I find success dating in NYC
AMA
Yesterday
525
I'm high as shit AMA
Layoffs
Yesterday
411
If new employer revokes offer when you already resigned at current company
2024 Presidential Election
Yesterday
887
Vote for Trump?
Why not set up the company in India and try to get funded by Sequoia or one of the other big name VCs that operate in India? It's not like India based statups can't have big exits.
Software IP should be owned by US entity for acquisition.
You can sell the IP from the indian co to the US holding entity before acquisition. That's what Google and Apple do as well. IP is owned by Ireland to facilitate taxes to be incurred there for global sales. They transfer any new IP to the Irish holding company periodically.