I was told by my new employer that I can port to my new company where I am trying to transfer my H1B that I can start working as soon as we get the UCIS receipt of I129 application. What if I start and for some reason it is denied. Will I be out of status ??
Yes, you can start work as stated.
Whether you lose status depends on your current employer. If they cancel their H-1B, then, yes, you would be out of status. If they do not, you would need to return to them.
You should retain an experienced immigration lawyer to review all the facts and advise you accordingly.
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