Can I start a company as I am on H1?
can I start a company as I am on H1? if so how? and what kind of company can I start?
Answers (1)
Visa, social security and starting a new business.
Dear Ananth:
I don't know what "H1" is, but I know of nothing which prevents anyone in the U.S. from starting a business or setting up a corporation, nothing except perhaps having enough capital.
If H1 signifies your receiving Social Security Disability benefits, than acquiring an additional source of income, from employment or a business, may eventually affect your entitlement to benefits. However, I also know that there is a program under Social Security which is designed to encourage people get employment without immediately losing their social security benefits. I don't know if it applies to starting a business. Even if it doesn't, I can see how you could easily get around that problem by setting up a corporation and hiring yourself as an employee.
If you are really asking about the continuance of social security benefits, I would suggest that you contact the Social Security Administration.
Sincerely,
David M. Lira
posted by David M. Lira | Feb 21, 2001 12:36 PM [EST]
Dear Ananth:
I don't know what "H1" is, but I know of nothing which prevents anyone in the U.S. from starting a business or setting up a corporation, nothing except perhaps having enough capital.
If H1 signifies your receiving Social Security Disability benefits, than acquiring an additional source of income, from employment or a business, may eventually affect your entitlement to benefits. However, I also know that there is a program under Social Security which is designed to encourage people get employment without immediately losing their social security benefits. I don't know if it applies to starting a business. Even if it doesn't, I can see how you could easily get around that problem by setting up a corporation and hiring yourself as an employee.
If you are really asking about the continuance of social security benefits, I would suggest that you contact the Social Security Administration.
Sincerely,
David M. Lira
posted by David M. Lira | Feb 21, 2001 12:36 PM [EST]
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