Hello, is there anybody here who is on H1B and started their own company or Registered an LLC etc...? I know you cannot work for your own company when on H1B. But I was wondering if anybody here registered LLC in their friends/relatives name and work for it?
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comments
1. H1b holder can be an investor but can't work for the LLC. So no income from the LLC. How do you plan to get your profits/cash flow form LLC on a recurring basis?
2. What is the exit strategy for these partners?
3. How do you define "work for the company". In work from home kind of situation, you can work for the LLC. Who stops you? On in case of inquiry etc?
4. H1b holder can't be the face of the company. what are the long term effects of this arrangement?