Title: A friend and I have been working on an exciting software project for a few months now. He's a US citizen and I myself am staying in the US on a H1B while working for a big software company. We would like to incorporate, but I'm really not sure about what that means for me from a legal standpoint.<p>Would I be breaking any laws if I were to be the co-founder?
What happens once we receive any kind of investment, can I pay myself anything? Supposedly you can't have a "salary" unless you have a H1b, so can I get myself a H1B sponsored by my own company?
Is having equity against my H1B in the first place?
Can I even "work" for this corporation or do I have to use some kind of loophole?<p>And yes, I went to talk to an immigration lawyer already about this and he basically asked for an extra couple of grand out of me just so he could spend time researching this question, and even then he said he couldn't guarantee to find an answer and might require additional cash :|
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