Conflict of Interest

S

sjanani

Registered Users (C)
Situation

1. I am employed by company XYZ
2. Company XYZ has sponsored for my H-1B and Green Card

3. I am also a majority owner (investor) in a business ABC
4. I only derive profits and play no part in running ABC

5. ABC has a need to engage a company to develop a software application

Question

1. Can ABC give a contract to my employer XYZ?


Thank You
 
It is not clear if your question is from an ethics point of view or legal point of view. So without knowing all the facts, like what kind of business is ABC in(whether any public interest is involved, etc.), and what kind of other factors can influence 'conflict of interest', just as a general observation, I dont see any conflict of interest in this.

Basically in most of the cases, contacts are very important to get/give contracts. And it is apparent that XYZ and ABC are in supplementary industries and not competitors, obviously. Also, the fact that XYZ is sponsoring your GC suggests that it is not run by one of your relatives or by your spouse. So if it is just like the way you put it, XYZ getting a contract from ABC through the lobbying/influence of one of its employees, is perfectly legal as well as ethical in US.

But if you feel there is more to it, then it is best to consult an attorney.


Originally posted by sjanani
Situation

1. I am employed by company XYZ
2. Company XYZ has sponsored for my H-1B and Green Card

3. I am also a majority owner (investor) in a business ABC
4. I only derive profits and play no part in running ABC

5. ABC has a need to engage a company to develop a software application

Question

1. Can ABC give a contract to my employer XYZ?


Thank You
Click to expand...
 
Conflict of intrest

My case is bit different than you have
described.

Situation

1. I am employed by company XYZ
2. Company XYZ has sponsored for my H-1B and Green Card

3. I am also a majority owner (investor) in a business ABC
4. I only derive profits and play no part in running ABC

5. ABC has a need to engage a company to develop a software application

Question

1. Can XYZ my emploer give a contract to company ABC ?

2. Would appreciate, who can give
legal advice on this matter.
Please give internet address/
phone no.
( Corporation + Immigration related)


Thank You,
Steve
 
steve200

Check with Rajiv Khanna, who is the sponsor of this forum. He handles both Immigration as well as Corporation law, I believe. His address and phone number are at the top of this page you are viewing.

It appears that you have just cut and pasted sjanani's text, so it is not clear how is your case different.
 
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