Starting a Consultancy!

[vvdv]

Hello.
I got laid off 3 weeks back and I got H1B valid till the end of this month. In order to be in status I need to transfer my present H1b visa to another employer.
I am wondering if it is possible to make my friend who got a GC start a company and he sponsors to transfer my H1 to his company. I learn that in order for that company to tranfer my H1, then the company should be able to show that it can pay me. If I can get hold of a contract project which will be atleast a few months duration, then these funds can be used as my salary.

Can someone please tell me in detail as to what needs to be done, quick and fair. I am planning to consult a lawyer regarding this but before that i want to some insight also.

Anyone out there who did the same?

Thanks in advance for the help.

[vvdv]

Yes, Please give me the list of the companies and contacts.

cheers
-v

[vvdv]

Hi,

Joe, my company will still be paying me till the end of this month. Even though my visa is valid till end of 2004, since they will be giving 2 more pay checks (layoff compensation etc) till end of feb '03, that will be the time I will go out of status.

I think that I can apply for tranfer of H1 to a new employer untill 30 days from the date I recieve the final paycheck (correct me if I am wrong).

Snt..., What you said is what I learnt today too. I talked to one consulting firm and they said that if I can find a project (with a company who is not willing to sponsor my H1) they would tranfer my H1 to their company and I can work on the project, but I dont need to pay for the visa tranfer costs. Ofcourse apart from the above meandering issues, they said that they will try to find a project for me and if they can find one, then it will be a straight forward process. I only wish that I could retain my previous job, where I was treated like a pet. :-)