Legal Question in Immigration Law in California
Want to Setup a Company of my own. We are in H1B and H4-EAD visa.
Please advice : Is it allowed for us to set-up own company for our VISA"
1 Answer from Attorneys
While you are allowed to own a company, you may not control it if you want to work in it as a H1b employee. The company and your employment must be controlled by others.
If you own your company you may be able to demonstrate that an employer-employee relationship exists if the control of your work is exercised by others. For example, if your company has a board of directors, preferred shareholders, investors, or other factors that show your organization has the right to control the terms and conditions of your employment (namely the right to hire, fire, pay, supervise or otherwise control the terms and conditions of your employment), then you may be able to meet this requirement. Some of the evidence you may submit to demonstrate the distinction between your ownership interest and the right to control your employment includes:
� Term Sheet
� Capitalization Table
� Stock purchase Agreement
� Investor rights Agreement
� Voting Agreement
� Organizational documents and operating agreements.
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