Delaware C Corp Founders
Summary
Listing a cofounder on a J1 Visa as a founder in a Delaware C Corp is generally permissible if they do not perform work-related duties that violate visa restrictions. Consider consulting a local attorney for specific advice.Full Conversation
am starting a delawere C corp and we are * founders. * of us are Swedish, * American. Im Swedish and im using clerky to set up all the incorporation stuff and one of my cofounders is in the US now on a J1 Visa and is not allowed to work anywhere else. Is is ok if I list him as a founder and give him equity but not as a director of the ccorp?
Yes, it is generally okay to list your cofounder on a J1 Visa as a founder and give him equity, as long as he does not perform any work-related duties that could violate his visa restrictions.
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