Alexander M. IvakhnenkoCriminal Defense AttorneyChicago, IL ·
Technically one can be a silent partner in a company like that, however, for the tax liabilities and earnings one must discuss that plan with a CPA or a tax attorney.
Yes, you can. However and practically you need to hire a manager or have a shareholder who is also an executive to run the day to day operations. You need the assistance of a business attorney to be sure to stay in compliance. Best