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lwpat
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25384
Experience:  Attorney with over 35 years of business experience.
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Hi, Im an international student with F1 visa. I have a

Resolved Question:

Hi,

I'm an international student with F1 visa.
I have a business idea and I want a U.S citizen to legally operate the company based on my idea. I've consulted an immigration lawyer. Being a passive investor could be a potential solution.

I have the following questions for you:
1. I'm wondering if I can offer strategy, offer the technical support (build website and app) BEFORE the formation of the business.
2. I know I can't receive the 'income' from the firm. Rather, I receive dividends as shareholder.
3. Do you recommend LLC or C-corporations, given that the president/CEO is a U.S citizen (also other employees are citizens or permanent residents)?

Thank you
Submitted: 3 years ago.
Category: Business Law
Expert:  lwpat replied 3 years ago.
I have the following questions for you:
1. I'm wondering if I can offer strategy, offer the technical support (build website and app) BEFORE the formation of the business.

While you can build it, I would not publish it to the web. You need to keep control to be sure that you get paid.


2. I know I can't receive the 'income' from the firm. Rather, I receive dividends as shareholder.

There is nothing preventing you from receiving income. You can get both.

3. Do you recommend LLC or C-corporations, given that the president/CEO is a U.S citizen (also other employees are citizens or permanent residents)?

An LLC would be my recommendation but you need to have a signed operating agreement in place. That is a must.
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25384
Experience: Attorney with over 35 years of business experience.
lwpat and 7 other Business Law Specialists are ready to help you
Customer: replied 3 years ago.
Hi, my concern is that I'm on F1 visa. That's what all the questions are based on. Thank you.
Expert:  lwpat replied 3 years ago.
I understand. There is no prohibition on a foreign national owning a portion of a US LLC.
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25384
Experience: Attorney with over 35 years of business experience.
lwpat and 7 other Business Law Specialists are ready to help you

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