HI All,
I have been working in San Francisco for my company on a L1B visa. At the moment, there is a board fight in the company. One potential outcome is that 1 board member/creditor will drive the company to insolvency by end of August 08, own all the Intellectual Properties, and resurrect the company with freshly invested money. If that plays out, existing employees are assured that everyone will have jobs in the new company. They claims that it'll take 2-5 days for the new company to be formed.
I'm very concerned about my L1B status if such scenario plays out. I don't want to be out of status.
- It was suggested that since my L1B was approved with my company name, and since the new company will have the same name (probably same corporate number/tax ID), I'll be ok just doing nothing. Should I take this advice? Since this didn't come from a immigration attorney, it's probably not worth the risk, isn't it?
- What options do I have, I obviously can't apply for a different L1B, since the company's office in Australia (which I worked for before being transferred to the US) will also go thru this fore-closure/resurrect circle.
Best regards and thanks in advance for ANY help/pointers.
I have been working in San Francisco for my company on a L1B visa. At the moment, there is a board fight in the company. One potential outcome is that 1 board member/creditor will drive the company to insolvency by end of August 08, own all the Intellectual Properties, and resurrect the company with freshly invested money. If that plays out, existing employees are assured that everyone will have jobs in the new company. They claims that it'll take 2-5 days for the new company to be formed.
I'm very concerned about my L1B status if such scenario plays out. I don't want to be out of status.
- It was suggested that since my L1B was approved with my company name, and since the new company will have the same name (probably same corporate number/tax ID), I'll be ok just doing nothing. Should I take this advice? Since this didn't come from a immigration attorney, it's probably not worth the risk, isn't it?
- What options do I have, I obviously can't apply for a different L1B, since the company's office in Australia (which I worked for before being transferred to the US) will also go thru this fore-closure/resurrect circle.
Best regards and thanks in advance for ANY help/pointers.