Co. being sold

U

ugm

New Member
Hi my current employers are selling their operations to a new owner... The current co. is X and the new one is going to be called Y.

I am not sure if it is going to be a takeover (because co. X will still exist on paper after the sale of the operation but all employees and assets will be owned by co. Y)

How is that going to affect my H1B....

My current employer said that he can still maintain my H1 with co. X (but the co. is not going to have any income, so I dont know how) or my H1 can be transferred to co. Y.

DO I need to do a transfer or is that automatic.???
Pls help!!!
 
As part of the sale deed, they should try to address the H1 issues. If they dont and the job description and salary remains the same no need of h1 amendment. Just have a letter from Y about the sale, mtce of job duties and salary just in case when you travel.
 
Normally the new co. will be the succesor of rights and assets which will take care of it. Although the lawyer might recommend to apply for a transfer.
 
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