3 ms·

Hey Peter I’m about to start a company with 2 other founders. I’m on h1b with a different company today. I need to get my h1b transfer approved before starting

Hey Peter I’m about to start a company with 2 other founders. I’m on h1b with a different company today. I need to get my h1b transfer approved before starting at the startup. The New company is about to get funding and then it will file for my h1b transfer. How can I get founders stock? Can the company grant it to me in a few weeks/months once my h1b transfer is approved? The company will obviously be formed by then and also funded. Will I have a massive tax liability?

proberts 7y ago
I'm sure you know this but just to be clear you could start working for the new company based on the filing of the H-1B petition alone and without premium processing, it could be many months before the petition is reviewed (and hopefully approved). But yes, you can receive stock as long as you are not receiving it in exchange for services rendered (at least not until you are authorized to work for the company). My expertise is limited to US immigration law so I can't comment on your tax question.