H1B and startup with LLC

Optimatic / Eng
utoptic

Optimatic Eng

utoptic
Oct 6, 2017 7 Comments

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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TOP 7 Comments
  • Apple
    pdYr46

    Go to company page Apple

    pdYr46
    You can start an LLC on H1b. However, you cannot actively work for it. You must be a passive partner/investor.
    Oct 6, 2017 2
    • Optimatic / Eng
      utoptic

      Optimatic Eng

      utoptic
      OP
      Yup, the problem is that I have an idea and I want to execute it. And I have to build it myself.
      Oct 8, 2017
    • Apple
      pdYr46

      Go to company page Apple

      pdYr46
      No one can stop u if u want to build something. If u have an idea, go ahead in full throttle. Don’t let bs H1b nonsense deter u.
      Oct 8, 2017
  • GODO Games / Ops
    bd2017

    GODO Games Ops

    PRE
    Amazon
    BIO
    Big data science startup owner
    bd2017
    I had a friend with whom I started a new company, LLC 50/50 partnership, while he had H1B. He is out of the country currently, but will be back next year. It was a very spontaneous decision so we just went for it. I would definitely recommend consulting a lawyer on this.
    Oct 6, 2017 1
    • Optimatic / Eng
      utoptic

      Optimatic Eng

      utoptic
      OP
      Thanks. I will consult my immigration lawyer.
      Oct 8, 2017
  • Visa
    KijL27

    Go to company page Visa

    KijL27
    couple of questions:
    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?
    Mar 29, 2020 0
  • Dolby
    Opp107

    Go to company page Dolby

    Opp107
    Hey guys, thanks for posting about this topic. Do you know what type of LLC works for people on h1b? Is it an s Corp or. C Corp? Any referrals on a good business and immigration attorney would be useful.
    Jan 3, 2019 0