Q: Hello, I am a Canadian citizen with a TN Visa in Madison Wisconsin. my question is, can i start a LLC holding company ?
my plan is to start a holding company that is in charge of another llc that i have shares in
A:
As a TN visa holder in the U.S., you are restricted in the types of business activities you can engage in. The TN visa is employment-based, tied to a specific profession, and does not generally allow you to manage or operate a business actively. However, passive investments are usually permitted, which means you could own shares in an LLC or other entities without being involved in daily management.
If your plan is to create a holding company that merely holds shares in another LLC without engaging in active management, that could be acceptable. The key distinction is whether you're involved in running the business or making day-to-day decisions, which could be considered work and fall outside the limitations of your visa.
Before proceeding, it's a good idea to consult with an immigration attorney or an expert in U.S. business law to ensure compliance with both immigration and business regulations. They can provide you with the guidance you need, especially considering the fine line between passive ownership and active participation.
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