Is a change of status form (539) required when applying for an O1 visa in the US

I-129 is the form you would file but you would file an I-539 if you had dependents that were also changing status.

Can a sole proprietorship sponsor me for a E-2 manager visa?

You can have a Sole Proprietorship with an E-2 but it does not strengthen the application. Even with that though, you would have to do some filing...

H1 Visa revoked. Is it still CAP exempt?

If you had an H-1B visa and obtained it when you were subject to the Cap, you are not subject to the Cap for your new application if you change...

Have you spoken to your employer? The USCIS status is at times incorrect but if they withdrew the petition, then you are out of luck.

I am 18 year old L2 applicant. Will I be able to get my L2 visa done. What should I answer if asked what I intend to do in US

I agree with what is written above. L status permits dual intent so you can even say your plan is to get a green card. As you will have a green...

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Can you re-use H1B job advertisements when applying for EB2 within 18 months? (a person with H1B now applying for EB2)

No..the job ad should be current and has to be evaluated to meet the perm requirements as they are different from H-1B.

Yes..no issue with getting a new I-20.

I have a pending petition file in usa but i want to travel usa to meet my boyfriend so can i apply for b1/b2 visa?

We would need more of a description to answer this. eg. which petition do you have pending, more specific reason for denial (eg. immigrant...

Changing my status from b2 to L1 or e2 .

The answer depends on your goals. If you change from B to E, you cannot reenter the U.S. if you leave unless you process a new application at the...

What kind of investments could an illegal immigrant do in US?

I agree with my colleagues. Working in the U.S. is not permitted unless you have a visa and passive investments are tough without a soc. sec. number.