I am developing a new product with the CEO of a company that serves a similar but different market with its current product portfolio. The new product will basically create a new category. This company can use its resources here in the U.S. and in China to actually build the product.
However, due to my Visa restrictions I cannot be employed by this company. That is why I need to form a LLC. I would like this company to become a partner and not only a supplier (who could potentially terminate its role at any time). During the recent past I have developed a friendly relationship with the CEO who is open to discuss options with me and who has also recognized benefits for me to become more involved with his company.
Have you been in a similar situation in the past or can you advise me? Thank you!