Results 1 to 2 of 2

Hybrid View

  1. #1
    Join Date
    May 2012
    Posts
    1

    Question LLC Partnership While on F1

    During my OPT status I formed an LLC in California with a friend who was also under the same type of visa, none of us having US residence. I was able to work under the company as Self Employed with active contracts however I am soon to lose the OPT and will have to renew my F1 in order to complete grad school. My question is, what are the conditions through which I can still do work under the company as long as I am not CEO but simply a partner with a majority share hold? Will I for example be able to do work while the company is contracted if a US citizen is CEO at the time? Is there any way under my F1 status that the company can still run through the leadership of a US citizen and have the profit still be split by the partners? I am merely trying to find a legal solution to keeping the company from being dissolved and keeping it productive while just being a passive investor in it. I have a social security and I have filed taxes in the past, however, my social security clearly states it is only valid with a work authorization.

    Thank you.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: LLC Partnership While on F1

    If you want to work for a U.S. based company, even one in which you are a shareholder or investor, you need a visa that authorizes the employment.

    1. Sponsored Links
       

Similar Threads

  1. Business Ownership: LLC Partnership Gone Bad
    By Gump in forum Business Law
    Replies: 1
    Last Post: 05-30-2011, 07:44 PM
  2. Business Issues: How to Dissolve a Partnership
    By pompoms in forum Business Law
    Replies: 1
    Last Post: 10-27-2009, 09:06 AM
  3. Starting a Business: LLC Or Partnership?
    By GiGis Pizza in forum Business Law
    Replies: 1
    Last Post: 07-31-2008, 05:21 PM
  4. Education Law Issues: The ACP-EU Partnership Agreement
    By charjo in forum Education Law
    Replies: 1
    Last Post: 05-10-2008, 01:42 AM
  5. Business Ownership: Dissolution of a Partnership
    By tinykim in forum Business Law
    Replies: 2
    Last Post: 11-15-2006, 07:51 PM
 
 
Sponsored Links

Legal Help, Information and Resources