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A comment on Ask HN:My former co-founder is threatening to sue me . Parent comment

Re:Ask HN:My former co-founder is threatening to sue me by unexpected on Friday October 29, 2010 @10:00AM (#1847322)
I'm not even sure how they would go about creating ownership in the company. An American can't be an individual investor in an Indian company. An Indian without a working visa can't have a startup in a US company. Ownership issues are convoluted, and would take way more money on lawyer fees to figure out.

Everyone keeps bringing up US laws with regards to ownership, but remember that this is an INDIAN company, where different rules apply.

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Re:Ask HN:My former co-founder is threatening to sue me by andreshb on Friday October 29, 2010 @11:18AM (#1847554)
You don't need a working visa, a visa, or to even set foot in the U.S. to be shareholder/owner of a U.S. company.
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Re:Ask HN:My former co-founder is threatening to sue me by Tyrannosaurs on Friday October 29, 2010 @11:58AM (#1847725)
That's true but Indian law is an absolute minefield, particularly for those not familiar with it. I have a former colleague who is still embroiled in a case that's been going on for over a decade. Jarndyce and Jarndyce anyone?

It would take a brave soul indeed to get involved in that from abroad with relatively little at stake.

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