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So, a H1B holder working for an employer can start a company if they hold a small equity?
by nell 13y ago
So, a H1B holder working for an employer can start a company if they hold a small equity?
- hpagey 13y agoYes, in US anyone can start a company, but the catch is, you can't work for it without proper work authorization. So, practically, this means you can't start a company if you are going to take an active operating role within the company.
- zerr 13y agoAny reasoning behind it?
- hpagey 13y agoThat's the law. The reason is, you can be a passive investor in a company, similar to buying stock in a company. This is allowed on any type of visa including H1B. But, if you are taking an active role, you are working for your own company and you cannot work for a company without work authorization. The work authorization could be CPT, OPT, EAD or H1B ( there might be other forms of work authorization I am only aware of these few).
- foobarqux 13y agoAre you sure? I thought you could work for a company you start as long as you are treated like an employee (you can get fired, take a salary).