What are the possible safegaurds against the case if I go out of L1 status ?[
A) I am not sure there are anythings called "safe guards". Technically you are out of status once you are out of status. If you know little bit earlier you can probably file for a new visa and that gives you status.
Can she change from L2 to H1 once she starts her residency ?
A) Why not. She can change the status. But most important thing is that her hospital should be willing to do that in the middle of a year or some thing,. Imagine - if you go out of status in the middle of her residency, then she will be immediately be out of status and by the time her hospital's lawyer collects all her documents and files for h-1 ....
I think this is some what risky. I would just go with h1 from the beginning.This way she has her own status and pretty straight forward. Only thing is that if she has to get H1, then her choices of residencies are limited.
But you have to prioritize.
My company is filing Labor Cert for me. Can she then transfer from L2-EAD
to EAD through my GC application (if and when we get it ;-)) ?
A) I beleive yes.But not 100% sure.
Of course, if she can get a H1 the first time itself, then she need not
start on L2. How do we go about finding hospitals that are non-profit and
sponser H1's ?
A) This year only 20k out of 65k allowed visas were processed. Most of the hospitals are non-profit. But all of them do not sponsor for h1s. So she has to do some research. But I would say this is no big deal. If she has good scores, then she can find something easily.