LoveIndiaLikeUS
Registered Users (C)
Folks,
Thanks for everyone who contribute this forum constructively and enabling to make this forum professionally! (Well there is a element of doubt in terms of professionalism in getting GC
)
Well, my labor got approved after 1 and half years and am planning to apply concurrent I-140 and I-485. I have some issues regarding my company and let me put forth the background of my company.
I am employed with Company-A and Company-A is doing well with more than 300 employees. But Company-A is owned by Parent Company-Z which has 6 other companies apart from my Company-A. My Company-A has sponsored my H1B, sponsored my Labor and going to sponsor I-140 and I-485 all under the name 'Company-A'. The problem starts here. As per the I-140 requirement, we can submit a 'Statement from CFO' regarding the financial health of the company if the company has more than 100 employees. I am eligible to take this option. My Company-A doesn't have any problem in giving a 'Statement from CFO'. However, the other requirment of I-140 is to submit the financial profit/loss statement. Eventhough Company-A is doing well and and making profit, they report the financials to the group parent company Company-Z.
The Parent Company-Z makes huge losses eventhough the Gross Income is 9 Million, but the Net Income is ($8 Million) Loss. If INS sees the financial statement of Company-Z, certianly they will doubt whether my Company-A will have an ability to pay the salary. I asked my Company-A to submit their own individual financial statement to INS, but they ARE NOT doing it. I pestered them but they are DENYING it. I am slightly concerned as they are not fulfiling their obligations eventhough they responsiblity in sponsoring GC. Did anyone know how to handle this situation?
Another issue I am facing is that I have wrongly quoted my future salary in Labor as my current salary(X) + 23%. At present, I am drawing only 77% of my future salary. Will INS question this issue?
Thanks for your time and hope you will provide valuable inputs.
Regards,
LoveIndiaLikeUS
Thanks for everyone who contribute this forum constructively and enabling to make this forum professionally! (Well there is a element of doubt in terms of professionalism in getting GC
)Well, my labor got approved after 1 and half years and am planning to apply concurrent I-140 and I-485. I have some issues regarding my company and let me put forth the background of my company.
I am employed with Company-A and Company-A is doing well with more than 300 employees. But Company-A is owned by Parent Company-Z which has 6 other companies apart from my Company-A. My Company-A has sponsored my H1B, sponsored my Labor and going to sponsor I-140 and I-485 all under the name 'Company-A'. The problem starts here. As per the I-140 requirement, we can submit a 'Statement from CFO' regarding the financial health of the company if the company has more than 100 employees. I am eligible to take this option. My Company-A doesn't have any problem in giving a 'Statement from CFO'. However, the other requirment of I-140 is to submit the financial profit/loss statement. Eventhough Company-A is doing well and and making profit, they report the financials to the group parent company Company-Z.
The Parent Company-Z makes huge losses eventhough the Gross Income is 9 Million, but the Net Income is ($8 Million) Loss. If INS sees the financial statement of Company-Z, certianly they will doubt whether my Company-A will have an ability to pay the salary. I asked my Company-A to submit their own individual financial statement to INS, but they ARE NOT doing it. I pestered them but they are DENYING it. I am slightly concerned as they are not fulfiling their obligations eventhough they responsiblity in sponsoring GC. Did anyone know how to handle this situation?
Another issue I am facing is that I have wrongly quoted my future salary in Labor as my current salary(X) + 23%. At present, I am drawing only 77% of my future salary. Will INS question this issue?
Thanks for your time and hope you will provide valuable inputs.
Regards,
LoveIndiaLikeUS