TN holder C corp participation

joe_canuck100 · Post by **joe_canuck100** » Wed Apr 03, 2013 4:03 pm

I originally posted the following in the wrong forum (accounting), so with additional questions, i thought it made sense to post it here.

Canadian citizen, US resident

I have an opportunity to be involved as a partner in a C corp company unrelated to my TN visa work. If I do not have the company sponsor me then is this okay tax wise in the US?

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and Nelson answered accordingly.

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However, in talking with the person who's interested in my participation, he said that I would not be a partner, but a shareholder (ie: having shares in the company by putting in money or equivalent) and potentially a director or board member.

If I do not get paid for this involvement (ie: the shares should go up in value as business occurs for some day selling out) and as a potential board member, then opinions may be asked but no money for it, then is that okay?

If not allowed, is there some combination that would be allowed?

Thanks for any help.