Sorry to bother you again. If I can not work for my business that I plan to establish, Can I at least establish the business and have someone else work for it ?
If yes, Is it ok to sign the documents thats require to establish the business ? Its going to be a partnership firm and both of us are on F1 visa just that one is on OPT and I am still studying.
If we can sign the documents for the establishment of LLC but do not work at all, can we atleast share profits and pay taxes ?
I am planning to establish business in South dakota as it does not require physical franchise or a lot of expenses.
Establish & not work? Yes.
Sign papers? Yes
Split the profits????? BE CAREFUL ... unlike my colleagues, I am only going to give you a 'qualified maybe'.
SD is a nice state.
ADDITIONAL COMMENT: I think that this entire concept is pushing the limit and is a great idea for you to consider ... AFTER you graduate. Why not focus on your studies and get fantastic grades? That way you'll have a better shot at a employment-based greencard.
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