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ead , green card , h1b , llc , open company
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  #1 (permalink)  
Old 03-09-2009, 05:11 PM
Donor
Priority Date
:
Aug-06
Category
:
EB3
I140 Mailed Date
:
10/01/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
07/30/2007
Compare
Join Date: Dec 2008
Posts: 345
Blog Entries: 2
psaxena has a spectacular aura about psaxena has a spectacular aura about psaxena has a spectacular aura about
Default Need help!! Can I be a partner in a company?

Hi,
Me and My friend developed a product, which is ready to launch. The product is very good and two fortune 500companies are willing to implement the product and back us up.

Now my problem is I am on H1B working fulltime with a company and also have an EAD. At this moment I cannot leave my fulltime job. My question is , if I can be a partner with my friend in the new company we are forming( My friend is a US citizen), also will I be able to get paid ( as the developement of the product drained my pocket, this was the hope and I think we are close to reap the hardwork) . Also my wife is also on EAD , can she be the partner? Will there be any issue if I can do that.

Please help!!
__________________
Thanks
I have fallen in love again... with my little one
--------------------------
Result for psaxena:
Your position is 53193 in the Green Card Queue based on your Country of Chargeability "India", Priority Date "Aug-06" and Category "EB3" .
Your Expected Date of Adjudication is Sep, 2028.
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  #2 (permalink)  
Old 03-09-2009, 05:18 PM
Senior Member
Priority Date
:
Sep-02
Category
:
EB3
I140 Mailed Date
:
02/14/2007
Chargeability
:
India
Processing Stage
:
I-485
I485 Mailed Date
:
06/06/2007
Compare
Join Date: Mar 2007
Posts: 754
ItIsNotFunny is a splendid one to behold ItIsNotFunny is a splendid one to behold ItIsNotFunny is a splendid one to behold ItIsNotFunny is a splendid one to behold ItIsNotFunny is a splendid one to behold ItIsNotFunny is a splendid one to behold
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Yes you can.

Quote:
Originally Posted by psaxena View Post
Hi,
Me and My friend developed a product, which is ready to launch. The product is very good and two fortune 500companies are willing to implement the product and back us up.

Now my problem is I am on H1B working fulltime with a company and also have an EAD. At this moment I cannot leave my fulltime job. My question is , if I can be a partner with my friend in the new company we are forming( My friend is a US citizen), also will I be able to get paid ( as the developement of the product drained my pocket, this was the hope and I think we are close to reap the hardwork) . Also my wife is also on EAD , can she be the partner? Will there be any issue if I can do that.

Please help!!
__________________
I am not a lawyer. Above information is only reflecting my knowledge visiting forums and talking to people and their experience.

RD: 6/7/07, ND: 6/19/07, FP: 7/21/07
485 LUDs: 7/23, 7/24 & 7/28
EAD Approved: 9/12
AP Approved : 9/24
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