New company and H1B TRANSFER

hanuman_chalisa

Registered Users (C)
I want to form a new company, and do a H1B TRANSFER for a friend, i will pay him more than $50 per hour as he has 6 years of experience in US in HiTech industry (VLSI).

To qualify company for H1B transfers, I can deposit $50K into companies bank account.
What other formalities would company need to fulfill to have H1B transfers?
Basically, avoiding any issues with INS.

Note: H1B candidate is in US working for some other company.
 
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