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Hi Peter, I'm a currently on the H-1B work visa. Is there any way for me to either: 1. start a company with another co-founder, who is an American citizen? o
by olivertang33 8y ago
Hi Peter,
I'm a currently on the H-1B work visa. Is there any way for me to either:
1. start a company with another co-founder, who is an American citizen?
or
2. Get accepted to an incubator program such as YC (with an american co-founder) and be a part of the program under legal work status?
- proberts 8y agoYes but ideally your USC co-founder should own a controlling interest and you should establish an independent board of directors that can fire you.
- cvaidya1986 8y agoI thought one can solely form a Corp on H1 as long as one doesn’t draw salary?
- proberts 8y agoThere's no issue with forming a company but you can't get an H-1B through that company if you control the company and you can't "work" for that company even if you don't draw a salary unless you have work authorization through that company.
- cvaidya1986 8y agoThanks for the clarification. And then presumably draw dividends from the profits of the company that one owns but doesn’t work for right?