Can one be hired as a CEO or CTO?
Does that count as an employee?
If one is a software developer at present in current petition can such person transfer his H1B to a role of CTO?
Are there any challenges in this?
Does that count as an employee?
If one is a software developer at present in current petition can such person transfer his H1B to a role of CTO?
Are there any challenges in this?
E.g. You can have 100% equity, be sole shareholder, pay money to a manager/employee to conduct work/business. You can even derive a dividend from the said business. however you cannot "engage in business" which means that you cannot write code whose IP gets assigned to the company. You also cannot have day-to-day management responsibilities. If I remember correctly planning a business and/or attending meetings of board of directors is allowed.
At end of the day shareholding pattern trumps everything else.
Then nobody can fire A. Hence 49%.
Can A have 100% ownership and incorporate a COMPANY and then assign BOD to COMPANY Where BOD have control over A but no ownership in company?
In this config can A just hire a employee D and pay him minimum wage according to DOL.
https://www.dol.gov/whd/minwage/america.htm
Would this setup work?