Starting A Company On EAD

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09-22-2012, 04:11 PM
Pr2007

Starting A Company On EAD

Hi,

Presently I am on EAD and I wanted to start the consulting company. Can I start the company on EAD? Will it effect any thing on my Green Card?

Thanks
09-23-2012, 11:10 PM
vizcard

Quote:

Originally Posted by Pr2007

Hi,

Presently I am on EAD and I wanted to start the consulting company. Can I start the company on EAD? Will it effect any thing on my Green Card?

Thanks

You can absolutely create a company. No issues w/ GC. My wife works in fashion and is starting a design company on the side.
09-24-2012, 06:57 AM
qesehmk

Just to add to what viz said; you can engage in any financial transaction in US without the need of being either a citizen or a PR. e.g. buying home, buying bonds or treasuries etc etc. Same with having a business (the only catch of course is -you can't draw salary if you are not a citizen or PR).

Quote:

Originally Posted by vizcard

You can absolutely create a company. No issues w/ GC. My wife works in fashion and is starting a design company on the side.
09-24-2012, 08:16 AM
Pundit Arjun

Thanks for the quick response, Q. This information definitely helps.

Quote:

Originally Posted by qesehmk

Pundit

Technically you should be carrying the same job classification code or similar one. But an attorney will be relunctant to tell you clearly if a job change is safe or not.

Just consider this - if you were technical manager and now you are taking your boss's position on a peer of your boss .... that should be absolutely fine - even if the position is with different employer or division of your company.

I know that is still not definitive .... but hope it helps somewhat.
09-24-2012, 08:51 AM
pdfeb09

Quote:

Originally Posted by qesehmk

Just to add to what viz said; you can engage in any financial transaction in US without the need of being either a citizen or a PR. e.g. buying home, buying bonds or treasuries etc etc. Same with having a business (the only catch of course is -you can't draw salary if you are not a citizen or PR).

You can actually start a company and even draw salary from it if you have completed 180 days post filing I485 (Use AC21). The only catch is, if there is ever an RFE asking about your job, you will need to show that your company is a valid (and profitable) business that is able to sustain your salary (comparable to prevailing wages of the same or similar job).