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Purchase of a Franchise

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    2004-12-1323:21:57 #290300
    Soongsan 68.***.163.124 2567

    I’m a H-1 visa holder with my wife being a H-4 visa holder. I have SSN and Tax ID. I’m interested in purchasing a franchise and set up a C-corporation to run it. I wonder if it is illegal as a H-1 visa holder. Appreciate your kind information.
    SS.

    • Reply
      Passing 65.***.116.235 2004-12-1323:51:48

      As far as I know, a H-1 visa holder should not get any income from any other company except the one “specified” in your visa. However you can own and run C-corporation in US. Please consult with your lawyer.

    • Reply
      …. 68.***.105.183 2004-12-1400:26:54

      You can own and run C-corporation but should take income as a form of dividend or share. You can find more information about this in the past postings.