hope4gc
01-21 08:39 PM
What exactly do you mean when you say starting this business? Do you want to open a trading account on your own and trade? Join a day trading firm? Or open a Fund? Each one will have different implications on H1. You can open your own investment account with a brokerage firm and trade your own money, no problem with H1 what so ever.
If you join a day trading firm you will have to be on H1 with them. Very few ones do but I know of a couple who will do it. In fact a classmate of mine is working as a Trader/Analyst with a small trading firm in NYC. They have sponsored his H1.
Starting a fund, (if you can get the seed money :D), you open a LLC and sponsor yourself. You will be an employee of the company and draw a salary. You tell me what you have in mind and I will tell you what to do or what I did.
smisachu,
Thanks for that Info, here is my requirement
I am on H1B and plan to have my own company as a trader to trade stocks.
I will be the owner and wish to draw profits, may not have employee in my company for now(please advice, if i need to)
I need inputs to know what type of company should that be (LLC, S Corporation.. e.t.c.)?
Is it advisable to have a GC holder/citizen as partner?
What form of income should i withdraw(salary/profits/dividends/Interest..) How is the income considered when i file my taxes?
I am not aware of anyone who can sponsor my H1 as a trader atleast for now, if i get the right opportunity, i am open for that
Thanks again
If you join a day trading firm you will have to be on H1 with them. Very few ones do but I know of a couple who will do it. In fact a classmate of mine is working as a Trader/Analyst with a small trading firm in NYC. They have sponsored his H1.
Starting a fund, (if you can get the seed money :D), you open a LLC and sponsor yourself. You will be an employee of the company and draw a salary. You tell me what you have in mind and I will tell you what to do or what I did.
smisachu,
Thanks for that Info, here is my requirement
I am on H1B and plan to have my own company as a trader to trade stocks.
I will be the owner and wish to draw profits, may not have employee in my company for now(please advice, if i need to)
I need inputs to know what type of company should that be (LLC, S Corporation.. e.t.c.)?
Is it advisable to have a GC holder/citizen as partner?
What form of income should i withdraw(salary/profits/dividends/Interest..) How is the income considered when i file my taxes?
I am not aware of anyone who can sponsor my H1 as a trader atleast for now, if i get the right opportunity, i am open for that
Thanks again
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rockstart
06-16 01:36 PM
Guys we have called all theree sets of lawmakers. Some senior member was saying we need to lobby hard with Republican's. Please let us know how we can do that. It is better to do it in an organized manner, so if some one can filter the three list on republicans we need to call again or if they can post a list of new republicans that we need to call. Please guide us.
Chiser99
06-07 04:15 PM
Well the only different skin apple have made, the U2 one, had a red scrollwheel... so surely we should use their one as a guideline, and in that case be allowed to skin the wheel as well?
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lazycis
11-23 01:48 PM
hi,
nc pending sept/2004
File a lawsuit against the USCIS.
http://en.wikibooks.org/wiki/FBI_name_check
nc pending sept/2004
File a lawsuit against the USCIS.
http://en.wikibooks.org/wiki/FBI_name_check
more...
bigboy007
04-27 12:14 AM
Not sure about the increase in fees here is what i have seen comparing it to INA and subsections...
1. Higher wage requirements defs being added to definitions seciton in INA [Immigration and Nationality Act], Requirement of Internet posting, wage determination.
2. 90 Days being replaced as 180 days for non displacement option
3. No consulting for H1B employees based on the Recruitment (F) section.
4. SEC 102. I states if no. of employees > 50 , sum of [H1B, L(1,2)(L1A, L1 , L2 Perdef 101(a)(15)(L)))] should not exceed 50% of No. of employees. No more H1B's
5. Sec 111. mispresentation period increased to 24 months from 12 months, USCIS will conduct audits for all employers if no. of employees > 100 and no. of H1 employees > 15% , Publish publicly those reports
6. Failure to meet a condition increase from 1000 to 2000 , failure for misrepresentation increased from 5000 to 10000. Employer will be liable for employees lost wages and benefits.
7. illegal : H1B non immigrant to pay a penalty for ceasing an employment with employer before the agreed date, failure to provide common benefits health , life , disability , insurance , retirement , savings, cash/noncash bonus etc...
8. with in 90 days of enacting S887 , secretary of labor will provide website to post these positions on labor department website.
9. stream line of job classifications and roles with 1 year of enacting of S887...
10. DOL can hire 200+ employees to fill these requirements ;)
+ l1's I have not gone through....
Newer version is - as should've been expected - more protectionist than before.
1) It prohibits H1B workers from working in contract positions.There is a redundant provision for the L1 visa as well (there is already a law which does this for L1). However it doesn't prevent American companies from keeping these contract workers in India or elsewhere and co-ordinate the work through web-conferencing, video conferencing, VPN/VNC etc.
2) It increases H1B fees by another 1000 dollars. There will be the added cost of advertising on DOL website. Also, the legal costs of navigating the audits. It also enables Tort attorneys to sue the companies on behalf of labor unions such as IEEE-USA, PG, Bright Future Jobs, Zazona etc. In essence it makes the whole visa program unviable. American companies cannot participate in the visa program without letting the DOL and the Tort attorneys poking their noses in the daily functioning of Corporate America. Imagine which company will apply for H1B when you'll have ads airing on TV from Tort attorneys - 'Have you been displaced by H1B worker? Call 1-800-TORT-ATTORNEY'?
3) It has a whole gamut of so-called 'H1B/L1B worker protections'. Unless and until the complaining foreign worker's visa status/GC status is protected against employer retaliation, these provisions will remain only on paper, as foreigner workers facing the prospect of forced departure from the country will not complain - extra worker protections or not. They might as well scrap these provisions and save some trees in the process!
4) It retains the provision that H1B/L1 worker must be provided all originals for H1B, Green Card etc. However this will be moot, as there won't be many H1B/L1 workers left in the US to take the benefit. They would already have moved to their home countries, brining the salaries down in their home countries die to excess supply. This combined with technical enablers are going to make outsourcing HOT. I think it's a good time to invest in the stocks of these outsourcing companies. Their returns are going to increase exponentially in a year. I am not surprised, if these companies send a 'Thank You' note to Senators Durbin and Grassley for making such a windfall possible.
If this year only 44,000 visas were used after half a month, wait until this law passes. There will already 10,000 or less visa applications. On a short term basis wages will sky-rocket, when companies are already struggling to make the ends meet. This will definitely make the usage of technological innovations such as the ones mentioned in point 1 more appealing to the companies. In the long run Outsourcing will become cheaper and more attractive.
Faced with accute worker shortage and unreasonably high-salaries driven scarcity in an economy under recession, Companies will have only 3 options. 1) Announce bankruptcy and get out of business salvaging what they can 2) Leverage technology to do outsourcing circumventing the need for visas 3) Beg the government for another 'Stimulus' and more borrowed money from the Chinese to pay the salaries.
This will hit hard the humanitarian immigration for refugees, asylees etc. USCIS is a government department run on visa application fees. As H1B fee-base reduces US government will have to appropriate more funds to USCIS to keep these programs running. The cost of these programmes will increasingly be borne by the American tax-payer. As jobs keep getting outsourced at a much faster speed tax-base formed by these H1B/L1 workers will shift to other economies benefiting them, the government will have to increases the taxes to make up for the difference. No doubt this will increase the tax burden on an average American - even those who had nothing to do with H1B, pro- or against.
The day this law passes will be a great day for Outsourcing, and a sad day for America.
1. Higher wage requirements defs being added to definitions seciton in INA [Immigration and Nationality Act], Requirement of Internet posting, wage determination.
2. 90 Days being replaced as 180 days for non displacement option
3. No consulting for H1B employees based on the Recruitment (F) section.
4. SEC 102. I states if no. of employees > 50 , sum of [H1B, L(1,2)(L1A, L1 , L2 Perdef 101(a)(15)(L)))] should not exceed 50% of No. of employees. No more H1B's
5. Sec 111. mispresentation period increased to 24 months from 12 months, USCIS will conduct audits for all employers if no. of employees > 100 and no. of H1 employees > 15% , Publish publicly those reports
6. Failure to meet a condition increase from 1000 to 2000 , failure for misrepresentation increased from 5000 to 10000. Employer will be liable for employees lost wages and benefits.
7. illegal : H1B non immigrant to pay a penalty for ceasing an employment with employer before the agreed date, failure to provide common benefits health , life , disability , insurance , retirement , savings, cash/noncash bonus etc...
8. with in 90 days of enacting S887 , secretary of labor will provide website to post these positions on labor department website.
9. stream line of job classifications and roles with 1 year of enacting of S887...
10. DOL can hire 200+ employees to fill these requirements ;)
+ l1's I have not gone through....
Newer version is - as should've been expected - more protectionist than before.
1) It prohibits H1B workers from working in contract positions.There is a redundant provision for the L1 visa as well (there is already a law which does this for L1). However it doesn't prevent American companies from keeping these contract workers in India or elsewhere and co-ordinate the work through web-conferencing, video conferencing, VPN/VNC etc.
2) It increases H1B fees by another 1000 dollars. There will be the added cost of advertising on DOL website. Also, the legal costs of navigating the audits. It also enables Tort attorneys to sue the companies on behalf of labor unions such as IEEE-USA, PG, Bright Future Jobs, Zazona etc. In essence it makes the whole visa program unviable. American companies cannot participate in the visa program without letting the DOL and the Tort attorneys poking their noses in the daily functioning of Corporate America. Imagine which company will apply for H1B when you'll have ads airing on TV from Tort attorneys - 'Have you been displaced by H1B worker? Call 1-800-TORT-ATTORNEY'?
3) It has a whole gamut of so-called 'H1B/L1B worker protections'. Unless and until the complaining foreign worker's visa status/GC status is protected against employer retaliation, these provisions will remain only on paper, as foreigner workers facing the prospect of forced departure from the country will not complain - extra worker protections or not. They might as well scrap these provisions and save some trees in the process!
4) It retains the provision that H1B/L1 worker must be provided all originals for H1B, Green Card etc. However this will be moot, as there won't be many H1B/L1 workers left in the US to take the benefit. They would already have moved to their home countries, brining the salaries down in their home countries die to excess supply. This combined with technical enablers are going to make outsourcing HOT. I think it's a good time to invest in the stocks of these outsourcing companies. Their returns are going to increase exponentially in a year. I am not surprised, if these companies send a 'Thank You' note to Senators Durbin and Grassley for making such a windfall possible.
If this year only 44,000 visas were used after half a month, wait until this law passes. There will already 10,000 or less visa applications. On a short term basis wages will sky-rocket, when companies are already struggling to make the ends meet. This will definitely make the usage of technological innovations such as the ones mentioned in point 1 more appealing to the companies. In the long run Outsourcing will become cheaper and more attractive.
Faced with accute worker shortage and unreasonably high-salaries driven scarcity in an economy under recession, Companies will have only 3 options. 1) Announce bankruptcy and get out of business salvaging what they can 2) Leverage technology to do outsourcing circumventing the need for visas 3) Beg the government for another 'Stimulus' and more borrowed money from the Chinese to pay the salaries.
This will hit hard the humanitarian immigration for refugees, asylees etc. USCIS is a government department run on visa application fees. As H1B fee-base reduces US government will have to appropriate more funds to USCIS to keep these programs running. The cost of these programmes will increasingly be borne by the American tax-payer. As jobs keep getting outsourced at a much faster speed tax-base formed by these H1B/L1 workers will shift to other economies benefiting them, the government will have to increases the taxes to make up for the difference. No doubt this will increase the tax burden on an average American - even those who had nothing to do with H1B, pro- or against.
The day this law passes will be a great day for Outsourcing, and a sad day for America.
lucas
07-14 05:52 PM
Signed, well deserved for the antipathetic old man.
more...
desi3933
10-03 12:18 PM
You have a valid point about gctest. But again, there is no way EB2/EB3 gets to port to EB1. If it was so, then it would be a chaos here. Only porting that happens is E3 to EB2 and may be that's why he used EB3 in his post.
......
......
>> there is no way EB2/EB3 gets to port to EB1
Incorrect. PD recapture (aka porting) is allowed between EB1, EB2, and EB3 preference categories.
_________________________________
Proud Indian American and Legal Immigrant
......
......
>> there is no way EB2/EB3 gets to port to EB1
Incorrect. PD recapture (aka porting) is allowed between EB1, EB2, and EB3 preference categories.
_________________________________
Proud Indian American and Legal Immigrant
2010 Falling in Love Again
scorpion00
07-01 10:05 PM
I would like to share my experience and it may help some people here.
My H1 was sponsored by company A when I was working with them on OPT. I paid $3000 for H1 filing and attorney fees and company A gave me the H1 approval notice only after I signed an agreement that I would work for atleast one year with them.
Afetr 1 month of my H1 approval, I got a better job offer from company B and I got the H1 transferred. I notified my client and company A who threatened to revoke my H1, take me to court etc etc. They also withheld 4 weeks of my pay.
After joining company B, I filed a complaint against company A with DOL that they withheld my salary and also they demanded H1 fees from me. After 2 weeks of that complaint, my salary was deposited into my account and DOL was looking into my complaint about H1 fees. This case finally got resolved last week after about 18 months, when DOL finally persuaded company A to pay $3000 back to me.
I would request everyone who is a victim of these blood sucking employers to
take every possible action against them. There's a very little chance that they would go to court because they are themselves involved in gross irregularities.
My H1 was sponsored by company A when I was working with them on OPT. I paid $3000 for H1 filing and attorney fees and company A gave me the H1 approval notice only after I signed an agreement that I would work for atleast one year with them.
Afetr 1 month of my H1 approval, I got a better job offer from company B and I got the H1 transferred. I notified my client and company A who threatened to revoke my H1, take me to court etc etc. They also withheld 4 weeks of my pay.
After joining company B, I filed a complaint against company A with DOL that they withheld my salary and also they demanded H1 fees from me. After 2 weeks of that complaint, my salary was deposited into my account and DOL was looking into my complaint about H1 fees. This case finally got resolved last week after about 18 months, when DOL finally persuaded company A to pay $3000 back to me.
I would request everyone who is a victim of these blood sucking employers to
take every possible action against them. There's a very little chance that they would go to court because they are themselves involved in gross irregularities.
more...
QuietFlowsTheDon
11-01 11:12 PM
I received "Notice mailed welcoming the new permanent resident" email this evening(Sunday). The only emotion i feel right now, after being in this country for 9 years now, is relief.
i have an EB2 140 with by current company with jan 2006 priority date.
i tried to port priority date of my EB3 140 with my old company (Sep 2003) and that worked out finally.
initially i sent the letter to port date in march 2009.
I resent the letter to TSC last august. I noticed a LUD on my case after this letter on both 140s.
Thank You All.
i have an EB2 140 with by current company with jan 2006 priority date.
i tried to port priority date of my EB3 140 with my old company (Sep 2003) and that worked out finally.
initially i sent the letter to port date in march 2009.
I resent the letter to TSC last august. I noticed a LUD on my case after this letter on both 140s.
Thank You All.
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Leo07
12-02 09:07 PM
One quick and dirty one is to...people who want to 'Add to Reputation' of posts...need to buy:)
I can't believe...I got few red dots....for this post. These Red dots that many of our IVers donate so generously need to be purchased in order to give it to anybody next time.
Just kidding, don't take this seriously. Some people found this post 'illogical' :)
Events with food, music and lots of other fun and all the money goes to IV. We need to form workgroups for doing this in every state.
I can't believe...I got few red dots....for this post. These Red dots that many of our IVers donate so generously need to be purchased in order to give it to anybody next time.
Just kidding, don't take this seriously. Some people found this post 'illogical' :)
Events with food, music and lots of other fun and all the money goes to IV. We need to form workgroups for doing this in every state.
more...
Hope_GC
07-17 04:22 PM
Lets take one step at a time.
Nobody said we are done.
The Current news is a great achievement by IV Core.
Dream act is for illegals only.
We should not rest with the ability to apply for the EAD and AP. I bet you you will realize its no good in near future.May be your spouse can work. But it is very frustrating.
AOS is gray area... some thing must be done to fix this waiting time
Nobody said we are done.
The Current news is a great achievement by IV Core.
Dream act is for illegals only.
We should not rest with the ability to apply for the EAD and AP. I bet you you will realize its no good in near future.May be your spouse can work. But it is very frustrating.
AOS is gray area... some thing must be done to fix this waiting time
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amslonewolf
11-11 01:36 PM
Very well said.. How many EB- 485 applications have been rejected after following all the app requirements (like PD is current before applying, correct fees etc)..
I-485 is mostly about the eligibility of the individual (like medical, illegal presence, fraud etc.) and so getting rejected at I-485 stage is not that common (especially after the approval of the underlying immigration petition). And if it does get rejected, more often than not, the individual may never be eligible for permanent residence due to the same reason. So usefulness of H1-B as back-up is of very limited narure.
I-485 is mostly about the eligibility of the individual (like medical, illegal presence, fraud etc.) and so getting rejected at I-485 stage is not that common (especially after the approval of the underlying immigration petition). And if it does get rejected, more often than not, the individual may never be eligible for permanent residence due to the same reason. So usefulness of H1-B as back-up is of very limited narure.
more...
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conchshell
08-19 02:59 PM
Thanks so much for the suggestion. How can I have my contact details available without posting it on Public Forum?
Meantime, please contact me thru PM, if I can be any help.
May be we can have a section on IV website, where we can list 'handles' of our citizen members. People can PM them when a genuine emergency occurs.
Meantime, please contact me thru PM, if I can be any help.
May be we can have a section on IV website, where we can list 'handles' of our citizen members. People can PM them when a genuine emergency occurs.
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kvranand
04-03 08:39 PM
I see soft LUD's on all our family (4) I-485 applications today. This is the first LUD I have seen since 11/29/07! My wife got a RFE message. I have to wait for this RFE. I and my kids do not have any RFE messages though.
RD 08/13/07 NSC
ND 09/19/07
I will post the RFE details once I receive it.
RD 08/13/07 NSC
ND 09/19/07
I will post the RFE details once I receive it.
more...
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maddipati1
12-11 10:24 PM
sent my story just now.
highlighted,
- wasted visas in 140K quota in last 5 years and requesting them to recapture.
- decision to hold on buying house due to uncertainity in GC.
keep up the good work guys.
highlighted,
- wasted visas in 140K quota in last 5 years and requesting them to recapture.
- decision to hold on buying house due to uncertainity in GC.
keep up the good work guys.
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wikipedia_fan
03-30 02:40 PM
Forum Gurus - I got a denial letter on my 485. I am a July 2007 filer and applied for AOS in July 2007. My 140 was revoked by ex employer in August 2008 and immediately I got a NOID from USCIS and responded to it in a timely manner and my case processing resumed.
But now, I got a denial stating that my 140 has been revoked in August 2008 and thats why my 485 is denied. My Attorney is filing for MTR and says it is a mistake on their side and will be resolved through MTR.
It just baffles me that the person who sent the denial letter never looked into the system to see my case trail and blindly issued the denial notice. My Attorney says, it is very much possible that they do not look at RFEs or responses - they just issue denials when they browse through the 140s.
I am EB2 India with a priority date of March 2006. I think some kind of pre assessment is going on. There are no LUDs and mine is at the TSC.
Is there anyone else in the same boat? How long does it take for MTR to get processed?
But now, I got a denial stating that my 140 has been revoked in August 2008 and thats why my 485 is denied. My Attorney is filing for MTR and says it is a mistake on their side and will be resolved through MTR.
It just baffles me that the person who sent the denial letter never looked into the system to see my case trail and blindly issued the denial notice. My Attorney says, it is very much possible that they do not look at RFEs or responses - they just issue denials when they browse through the 140s.
I am EB2 India with a priority date of March 2006. I think some kind of pre assessment is going on. There are no LUDs and mine is at the TSC.
Is there anyone else in the same boat? How long does it take for MTR to get processed?
more...
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vasa
04-07 02:59 PM
Here's My contribution
$100
Receipt ID: 4139-5498-9511-8679
$100
Receipt ID: 4139-5498-9511-8679
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Earned_GC
08-25 01:32 PM
I initiated the transfer on 19th and they delivered it today i.e 3 working days after (which is two days less than there norms). Also the rate is 43.35 today as per the calculator and they show a rate of 43.01 for my transfer. ICICI is a known thief. That is how the company is made. Its like "there is a CRIme after every successful company".
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tikka
05-25 02:36 PM
sent Your Web Fax Today??
pansworld
12-03 05:56 PM
We agree to disagree.
I will check out the youtube video.
Cheers
Every member is welcome to contribute time and/or money. Both are important.
Monthly subscriptions do not make this an exclusive club, they just allow IV to budget and plan future campaigns.
Some of these campaigns will give everyone easy access to the (very exclusive) "AOS applied" club!
The biggest campaign of them all... will give us all a quicker route to the extremely very exclusive Green Card club.
To know why amounts cannot be disclosed please check out logiclife's and aman's videos on youtube!
Thank you.
I will check out the youtube video.
Cheers
Every member is welcome to contribute time and/or money. Both are important.
Monthly subscriptions do not make this an exclusive club, they just allow IV to budget and plan future campaigns.
Some of these campaigns will give everyone easy access to the (very exclusive) "AOS applied" club!
The biggest campaign of them all... will give us all a quicker route to the extremely very exclusive Green Card club.
To know why amounts cannot be disclosed please check out logiclife's and aman's videos on youtube!
Thank you.
hopefulgc
03-13 12:48 PM
BharatPremi... think u might be mistaken ...
I have to agree with sunny1000. The consulate page says this in clear text.
"The following numbers are derived from the Department of State's Visa Bulletin."
That is exactly I was thinking. My first confusion was why the hell people want to check CP dates and create the false thread but then I realize they must not be around/ in the process to realize that CP dates != AOS dates. Some times CP ones equals but not always. Let's hope those equals to AOS dats this time.
I have to agree with sunny1000. The consulate page says this in clear text.
"The following numbers are derived from the Department of State's Visa Bulletin."
That is exactly I was thinking. My first confusion was why the hell people want to check CP dates and create the false thread but then I realize they must not be around/ in the process to realize that CP dates != AOS dates. Some times CP ones equals but not always. Let's hope those equals to AOS dats this time.
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