Hi, I am on a study permit and recently started a start-up company with a friend who is a Canadian citizen. Currently, he is the CEO of the company because he was doing the paperwork of registering it and now he is about to transfer the CEO position to me. I am not actively getting any salary or sth for becoming CEO neither my friend. We both have an equal amount of shares of the company. We plan to work on software projects in our free time hopefully we might end up with a product in 3 or 4 months. I was just concerned if what I am doing might violate my study permit terms and conditions in a way that someone might say CEO is full-time positions or when you worked on your software you spend more than 20 hours of the week. As I said I am not getting any salary but I am planning to work on our software. Please advise me on this.
I crossposted this on international students as well since I didn't know where is the right category for posting it.
I crossposted this on international students as well since I didn't know where is the right category for posting it.