I don't understand. I recently incorporated a C-Corp in Delaware remotely from Malaysia (never stepped a foot in American soil), single founder. So it means if you're _there_ under H1B then you can't do that? I wonder if you can setup a company in your country of origin and have that company incorporate a company in the US, will it work?
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You can start a company, but you can't work for it. Unless you transfer your visa to that company, but then things like funding become very chicken and egg- you don't want to transfer your visa until your company is viable, but investors are going to be wary until you can prove that everyone can legally work for the company.