Is a H4 visa holder allowed to setup a new company?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is a H4 visa holder allowed to setup a new company?
From your forums, I understand that he cannot derive any income, but can he setup with all the profits reinvested back into the company? Any legal implications or violations to setup the company?
Asked on April 16, 2015 under Immigration Law, New Jersey
Answers:
SB Member California Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Yes, a company can be set up but no income can be derived from the company by someone in H-4 status. Otherwise, there are no restrictions of implications for the company itself. Profits can be reinvested into the company. Eventually the company may be able to "hire" and sponsor the owner for the H-1B visa, if appropriate.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.