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---Preface--- I have no experience (or advice) on the immigration piece. I have no experience with LLCs or any other non-corporation entity. I have formed an
by trussi 15y ago
---Preface---
I have no experience (or advice) on the immigration piece.
I have no experience with LLCs or any other non-corporation entity. I have formed and have been using Corporations for many years with a lot of success.
---Ownership Advice---
Do not try to get you ownership in your name. Get your ownership in the name of another company that you own.
Here's the structure:
1. You own a Nevada or Florida Sub-Chapter S Corporation 100% (called Aniketm Corp).
2. Aniketm Corp owns X% of Company Y (the startup).
The legal structure of Company Y is irrelevant, but I would recommend a Sub-Chapter S Corp (most legal protection for the owners, most favorable tax treatment, very low IRS audit rate).
It costs $100 to form a corporation (http://www.amerilawyer.com http://www.amerilawyer.com) and about $100 per year to maintain.
Anybody (including foreigners) can own a corporation.
This ownership structure gives you an extra layer of protection because you have an additional corporate veil between yourself personally and the startup company.
Don't let forming a corporation scare you. It's pretty simple and low-risk.
- aniketm 15y agoThanks for your advice. This means that I can form my own corporation whether I am on F1 or H1 doesn't matter. Is there any other way without me opening a corporation(Aniketm Corporation) to have ownership in Company Y. How does Shares and equity concept work. If I tell that I do not want ownsership but I want shares and equity in Company Y, would this simple or according to rules and regulations. If at all I want ownership then is that possible on a F1 or H1 Visa status