Re:What the startup visa should really look like
by hpatel on Sunday November 18, 2012 @08:01PM
(#4802337)
Given that this discussion is about US immigration, it makes sense to discuss cases where capital needs to be raised(if comparing to OECD countries) or there is a significant advantage to relocating to US(if comparing to non-OECD countries).
One of the main premises is that innovation is stifled because employees in the position to innovate are chained to their jobs via the H1 visa in their prime years.
Re:What the startup visa should really look like
by isalmon on Sunday November 18, 2012 @06:30PM
(#4802098)
You can't own an S corp unless you're a US resident (citizen or GC holder).
Re:What the startup visa should really look like
by marquis on Sunday November 18, 2012 @06:41PM
(#4802130)
You can also be the sole member of an LLC, which is sufficient for having a U.S. bank account and doing business, if you're not looking for VC funds. Real estate agents deal with these kinds of LLC setups anytime for foreign real estate purchases.
Re:What the startup visa should really look like
by hnwh on Sunday November 18, 2012 @06:36PM
(#4802116)
But you can own a C-Corp, which is what a venture-funded startup needs to be
Re:What the startup visa should really look like
by isalmon on Sunday November 18, 2012 @06:40PM
(#4802125)
Agreed, but not every single new business is focused on raising VC capital
* edit (C corp or LLC)