I understand u have to legally invest 500000 in us high-unemployment or rural areas
if some one closing there business because of money situation but we buy that business with investing money in that business and they have already eight employee if they put more money in that business they can create five more job in that business for part time
so I want to know it has to be part time or full time job ?
also can we buy exiting business and do that or not ?
and also I want to know how this thing work ?
If you have $500,000 to invest in a business, may I suggest that you do not try to get answers to your questions online. Schedule a consultation with an experienced immigration attorney.
Mr. Shusterman's (former INS Trial Attorney, 1976-82) response to your question is general in nature, as not all the facts are known to him. You should retain an attorney experienced in immigration law to review all the facts in your case in order to receive advice specific to your case. Mr. Shusterman's statement above does not create an attorney/client relationship.
There are two parts. The EB5 issue is not a simple formula. It is complicated to prove the money will create jobs. There is also strategy on timing since there are federal limits. The second part is the business lawyer to make sure the investment is a good investment.
Start with a good immigration lawyer. Many of us business lawyers on Avvo frequently work with immigration attorneys as teams to do these investments efficiently and successfully. Get a recommendation from a business attorney you are comfortable working with.
You are considering investing a substantial amount of money into a new business. Such a step should include consultation with a corporate/business lawyer to help guide you through the proper formation of the business entity, and an immigration lawyer to help with those issues that you raised. All too often, a person begins a business without spending the small fee to hire a lawyer to help, and then later the business formation not being set up correctly could lead to more costly legal issues.
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