If I’m holding an F1 visa, is itlegal for me to open new limited liability company?
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If I’m holding an F1 visa, is itlegal for me to open new limited liability company?
Asked on November 23, 2011 under Immigration Law, Ohio
Answers:
SB, Member, California / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
You can open a company regardless of your status but you are not authorized to be deriving any income from that company since you have no employment authorization while you are in F-1 status. you can have the company collect revenues but you cannot derive the income from that revenue.
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