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Peter, I am in H1B visa working full time for my employer, but I am also a co-founder with equal equity (nothing on paper as on date) for a startup incorporated in Delaware.

Is it legal to be a co-founder (and own equity) in a startup other than the employer who sponsored my H1B? If yes, what I need to do? Thanks.

1 comments

It is legal but you just can't be compensated for services rendered to the startup unless you have work authorization to do so.

Thanks Peter.

So, to get the work authorization I need to apply for a H1B Concurrent visa. Correct me If I am wrong.

That's right.