While on an H1B visa can I own a LLC (50% partnership)?

0 votes
asked Sep 30, 2013 by Hari
My business partner is a United States citizen and we are going to use all of his details for taxes.

Can someone also advise me on how to get profit and if there is a loss can it be deducted or not?

1 Answer

0 votes
answered Sep 30, 2013 by Jasmine
You can definitely own a business with your partner even on an H1B. You have to be aware of certain rules but generally it doesn't cause an issue.
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