Ability to Pay --- IMPORTANT !!!

S

SomeOneAlone

Registered Users (C)
Hello All...

My PERM application got approved last month and now we are in the process of filing I-140. My application is for CP and future employment.

I have a question regarding Ability to Pay.

My company is relatively new. 3rd year. They have filed taxes in the last 2 years. It has 12 employees.

According to the Tax Returns... Last year they had following figures...

Gross sales... 3 million
Gross Profit ... 1.7 million

But after MANY deductions including employees salaries, rents, repairs and maintenance, new facility etc etc they made their "Ordinary Business Income" to almost 0.

Could you please let me know if these figures are OK for my I-140 application or this will create any problem?

I know the company is growing a LOT and its growth rate will be much much higher in the future years...
 
SomeOneAlone said:
Please reply on this topic.

Thank You
Click to expand...
Please search for Ability to Pay thread in this forum started by UnitedNation. It spans across more than 100 pages and very useful information.
 
SomeOneAlone said:
Hello All...

My PERM application got approved last month and now we are in the process of filing I-140. My application is for CP and future employment.

I have a question regarding Ability to Pay.

My company is relatively new. 3rd year. They have filed taxes in the last 2 years. It has 12 employees.

According to the Tax Returns... Last year they had following figures...

Gross sales... 3 million
Gross Profit ... 1.7 million

But after MANY deductions including employees salaries, rents, repairs and maintenance, new facility etc etc they made their "Ordinary Business Income" to almost 0.

Could you please let me know if these figures are OK for my I-140 application or this will create any problem?

I know the company is growing a LOT and its growth rate will be much much higher in the future years...
Click to expand...

Also, one of the key factors could be how many I-140 this employer has filed(including approved ones) as ability of pay will change with these numbers.
 
Look to see how much are company's net current assets, this can be found under corporate tax return schedule L. current assets-current liabilities=net current assets
 
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