An international student on an F1 visa, did some research and seem to understand that I can open up an LLC but not be an employee of the LLC. So my intention is to run this online network marketing company under the name of the LLC I have establish. From there on my intent is to get dividends as the investor of the LLC
I changed up the tags on this question so our immigration attorneys will respond as well.
What you are saying is "I want to do indirectly that which I am prohibited from doing directly." The answer is that you cannot. You cannot be an active principal in a US business while here on a student visa. You could own shares of a business as a passive investor, but this would mean passive in the literal sense NOT some fictitous sense. That would mean, for example, you cannot contract on behalf of the business, cannot pay for things, cannot conduct oridinary business activities, etc. So owning a single member-managed LLC would on its face be a problem.
I would first discuss this with immigration counsel so you are clear on what you can and cannot do. Then if you have a legal plan contact a business lawyer. Most of us here, including myself, offer a free phone consult.
That would entail engaging in employment in the US and would be a violation of the terms of your visa. You may also run afoul of tax laws since you must pay the Managers of the corporation a wage. A legal entity that does not employ anyone but produces profit would probably make you a target for an IRS audit.
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