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include finance,
marketing, facilities, employees, legal issues etc.
Then started my research to explore the available avenues for
starting a company. It took two and a half years to gain an insight
of the basic principles underlying the starting of a corporation
by a H-1B holder.
Here are some
of my findings that can assist an H1B holder intending to start
a company.
Consider the options in starting a business
Prior to starting a new business or any new venture certain issues
need to be considered. Some such issues are
1) Type
of legal entity (i.e. corporation, LLC, LLP, Limited partnership,
General partnerships etc.)
2) Location where the business would be established as the state
law governs certain legal aspects in dealing with the venture.
The other
aspects to be considered are:
- Kind of
service or product offered
- Taxation
issues
- Applicable
immigration laws
- Administrative
issues etc.
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