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?
FAQ Transcript
Note: This is a verbatim transcript of the referenced audio/video media delivered as oral communication, and, therefore, may not conform to written grammatical or syntactical form.
First of all; I would like to thank the entire Team member who has worked in my case. Special Kudos goes to my case manager 'Aruna Marthi'; she did absolutely fabulous job to get me through this whole process. The time, and efforts you guys have given me the only reason of this case successful. Can you believe it, I got my whole process completed within 6 months and I-485 got approved in less than 2 months.
Thanks again for all of your efforts.
Regards:
BK