4 ms·
There is no issue with your receiving shares as long as you are not providing services to this entity.
by proberts 9y ago
There is no issue with your receiving shares as long as you are not providing services to this entity.
- lucascarvalho 9y agoIf all I'm doing for this business is coding and I have less than 50% of the share, I'm not an employee and I'm not getting paid. Is this considered like providing services?
- proberts 9y agoYes.
- lucascarvalho 9y agoHow about when I get the EAD? Can I issue shares and provide services?
- proberts 9y agoAs a general rule, yes.
- cletus 9y agoWait, I'm confused... not the OP but if this guy is coding for this business (the one he doesn't have an H1B for), I thought it didn't matter if he was getting paid or not. This is "productive work" right? As in, it has value so is problematic. Or do I misunderstand the rules?
- forkerenok 9y agoIn the spirit of the law/regulation that's even worse: as an immigrant without permit to do that, he'd provide unpaid labor undermining ability of other people compete for this job. Edit: of course IANAL. And in other words, as I understand it, work permits limit strictly to what extent can you affect competition in the country (H1b - only one FT job position). And by filling in vacuum of required labour somewhere else you definitely affect it negatively.