"Stuart Brook" wrote in
message news:Ugvsc.6680$4Ir.1902@news01.bloor.is.net.cable.rogers.com...
> memmmmm wrote:
>
> > I have an h1b, I am in the labor certification part of the GC process,
and I
> > plan to stay with my current company for a long while.
> > A friend (GC holder, brit married to uscit) and I are thinking of buying
a
> > property (4 plex) that has come for sale which has 4 tenants in it. For
this
> > we would probably start an LLP. He has offered to do all the work since
I
> > can not work for any business other than the one that has given me the
h1b.
> > The only thing I am doing is providing capital for the intial purchase,
and
> > any purchase we may make I will probably have to aprove, meaning, I dont
> > want him wasting the money. I wont be collecting rent, I wont be working
on
> > the place, etc.
> > Is this legal? can I get in trouble when I go further into my GC
process,
> > will the BCIS complain about this business? anything I should watch for?
>
> It is bordering legal. You have to have implict trust in what he's
> doing. Your "approval" cannot be "active" ... vis you can't go see the
> properties, the tennants etc.
I really dont plan on working there or even finding out the name of the
tenants. The only thing that worries me is that once I get down to
interviewing for the GC down at the BCIS office they will bring this up and
deny me the GC or will they understand that I did no work?
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