International workers/students (on F1, H1B visa) who started side-projects with the quarantine-time and canceled internship time, how are you collecting payments when you cannot register a business?
Options I have found:
Legal: Incorporate in your home country and use someone like paddle.com to collect payments in a bank account there
Questionable: Incorporate here and hire employees outside US "to do work" and only be able to use the funds to reinvest /pay yourself dividends as an equity owner
Objectionable: Incorporate here, use Stripe for payments and hope nobody tells the USCIS
Questionable: Get a US-citizen friend to incorporate. The business will be in their name and they would have to Venmo you profits
I've spent >4 hours reading legal blogs and going through comment sections and obscure USCIS documents to understand this much. If somebody else has done this more seamlessly, then please let me know.
I looked up Unshackled Ventures, a VC firm that focuses only on H1B and F1 visa holder startups but as I said, this is a side project and not a startup. If wildly successful, this will generate a few million and not the billions that VC firms are looking for. Hence, that avenue is closed.
Any help is appreciated. Thank you!