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Again, shareholder can't be personally held liable for corporate's debt unless the court "pierce the corporate veil". Court will pierce the corporate veil and hold shareholder liable if the company is undercapitalized, is in incorrect formality such as failing to keep board minutes,co-mingling bank account..This situation hardly happens unless the board and executives are extremely negligent.
If I were you, I will serve as CTO, or some minor executive position in exchange of stock option by which you get both position and the money(if the company is making any)
I will still worry about the prevailing wage, it may disqualify your h1b. Anybody knows?