Sorry. both the dollar figure and percentage of ownership ... plus other factors would appear to make the L not a viable choice.
I suggest you spend some money and have a private consultation with an immigration attorney to see if some other options make sense for you.
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Document? You need an employer and a lawyer who would guide you. You also need to learn who to do basic research. After all, somehow you have made your way onto AVVO.
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It is not you, but the company who files the L1 petition. 30 percent will not do it.
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It will depend on how stable your Indian business is. If the business will continue in your absence, L1 is a possibility. You need to talk with an attorney who will help you structure the US partnership so it qualifies to file a L1 visa.
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I agree with my distinguished colleagues. Consult an immigration lawyer who will be able to fully evaluate the facts and advise you accordingly.
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I suggest you read up a little about L-1 on the Department's website. Not only will it walk you with the information, but also guide you with the list of documents required. Your best option though is to talk to an immigration attorney and discuss whether this route is feasible in your case.
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Speak to a lawyer to determine your options. You would not qualify for L1 based upon the facts you have presented.
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