Question details
Is there any legal issues with starting a LLC for a software product on H1B based on below scenarios.
Scenario 1: Start a LLC in partnership with a US Citizen. For example say I would be 90 % stockholder and the other person would be 10 %. My partner would run the company and do all the work that is needed to sell the software product. I would be a passive owner and not involved in any active duties.
Scenario 2: Start a LLC as 100 percent stockholder and employ a GC holder or US Citizen as a manager to run the company. I would be a passive owner and the manager would do all the active duties. Is there any restrictions around how much salary i should pay the manager of my company? How about if i offer him/her 10 % of the stocks as a compensation instead of salary or offer him/her commission based salary?
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I and my wife got my GC approved on June 19, 2003. We got an RFE and then our files were transferred to the local INS office in San Diego, CA. I got full support and guidance from Rajiv Khanna's office and could talk to them and reach them in all situations, I have a very pleasant experience working through Rajiv Khanna. Thanks a lot Rajivji for your help and support. Good luck