I am planning on starting a company with a partner who is a US citizen. I currently hold an H1B visa. Just wanted to know if people here have some pointers as to if this is even possible. I am going to be talking to an attorney but just wanted to get an idea before that. I have read about the startup visa act but it is still pending legislation.
It is possible. Even if you own majority shares, you can still articulate your application in such a way that initially you are not on the board but maybe after a event (funding etc.) you can be on the board
It is definitely possible - I've been in your shoes and done it. Transferred an H1 from an existing employer to a startup run by my biz partner (who also had a majority share). We hadn't raised any $$ when the transfer happened, though we closed an angel round a month after the transfer happened.
Things may have changed since 07 (funding requirements, etc). IANAL, though - you definitely want a good immigration lawyer who's familiar with this stuff.
