H1b Transfer for start up company

[bhaskargara]

HI,

I started a company like 2005 jan. still now I didn't did any business. My
friend want to transfer his h1 to my company. Can I do/apply for h1b tranfer thru my company.


Please advice.. I see similar thread below. but I don't see the response.


-Bhaskar

 

[EricS]

IMO:
Since you have not done any business in this new company and do not have any profit in it, it will be very difficult to get the H1 transfer approved. It will be hard to convince the USCIS as to how you will pay the H1 employee. Do you have some cash reserves in the company bank account?
The fact that this new employee will bring in the revenue comes afterwards.

 

[bhaskargara]

what is the minimum amount should be in my bank account so that i can do that H1b transfer. Please advice.

 

[EricS]

I found a good explanation for you on the USVisaNew.com website:
How large and established must an employer be to file an H-1B petition? Can a company petition for its owner as an H-1B?

Read it here:
http://www.usvisanews.com/faq/h1bstatus.shtml#h1bstatus-g