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Jeff Axup

Sr. Manager, Palo Alto UX Design Research Group at Bosch

I am considering adding a co-founder (equity-only) who is from India and has just finished up a degree at a US university.
He is on a F-1 visa and is doing an OPT with us currently.

I have heard some rumors from other parties that if you not a US-citizen, that you can't own stock (or invest your own money) in a US company that you are also working for. Apparently this makes it difficult for immigrants to start their own companies. We are also unclear on which visa he would need to be on if he stayed with our company as a co-founder for several more years.

Has anyone gone through anything similar to this, and any pointers to resources on this topic?