L1 question re partnership
#1
Just Joined

Thread Starter
Joined: Oct 2010
Posts: 26


Hi all,
I have a question regarding share holdings of a subsidiary office on the L1 Visa.
My husband owns a UK business with a partner - they both own 50% each.
Is it possible for my husband to open the office in USA and control 100% of that new office. Or event if he owns 50% and I own 50%
Any advice much appreciated.
thanks
Ps. we meet all the requirements for L1, turnover, employees etc....
I have a question regarding share holdings of a subsidiary office on the L1 Visa.
My husband owns a UK business with a partner - they both own 50% each.
Is it possible for my husband to open the office in USA and control 100% of that new office. Or event if he owns 50% and I own 50%
Any advice much appreciated.
thanks
Ps. we meet all the requirements for L1, turnover, employees etc....

#3

Patience...it's Thanksgiving Day here and everyone is busy stuffing themselves with turkey and watching football


#4
Account Closed










Joined: Aug 2002
Location: Kentucky
Posts: 38,865












What? You can't even wait 3 full hours? Although, I guess it's now going on 6 full hours. It's a federal holiday in the US... people are spending time with their families... and you can wait. The earth isn't going shatter meantime.
Ian
Ian
Last edited by ian-mstm; Nov 26th 2010 at 12:43 am.

#5
Account Closed
Joined: Mar 2004
Posts: 0


As I understand it the UK Company would need at least 50% and ultimate control.
Something to talk to your lawyer about.
Something to talk to your lawyer about.

#6
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Thread Starter
Joined: Oct 2010
Posts: 26


ah - happy thanksgiving then :-)

#7
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Joined: Dec 2008
Posts: 766












we were in a very similar situation .
uk company 50/50 split with UK partner
we were advised that the UK company not me as an individual had to own a minimum of 51% of the US one.its a company transfer so the UK company has to own the US one.
best advice run through it with your lawyer before setting up the US side, if we had sorted it out better we would have saved a LOT of hassle
uk company 50/50 split with UK partner
we were advised that the UK company not me as an individual had to own a minimum of 51% of the US one.its a company transfer so the UK company has to own the US one.
best advice run through it with your lawyer before setting up the US side, if we had sorted it out better we would have saved a LOT of hassle

#8

we were in a very similar situation .
uk company 50/50 split with UK partner
we were advised that the UK company not me as an individual had to own a minimum of 51% of the US one.its a company transfer so the UK company has to own the US one.
best advice run through it with your lawyer before setting up the US side, if we had sorted it out better we would have saved a LOT of hassle
uk company 50/50 split with UK partner
we were advised that the UK company not me as an individual had to own a minimum of 51% of the US one.its a company transfer so the UK company has to own the US one.
best advice run through it with your lawyer before setting up the US side, if we had sorted it out better we would have saved a LOT of hassle

#10
Forum Regular


Joined: Dec 2010
Posts: 55


Hi all,
I have a question regarding share holdings of a subsidiary office on the L1 Visa.
My husband owns a UK business with a partner - they both own 50% each.
Is it possible for my husband to open the office in USA and control 100% of that new office. Or event if he owns 50% and I own 50%
Any advice much appreciated.
thanks
Ps. we meet all the requirements for L1, turnover, employees etc....
I have a question regarding share holdings of a subsidiary office on the L1 Visa.
My husband owns a UK business with a partner - they both own 50% each.
Is it possible for my husband to open the office in USA and control 100% of that new office. Or event if he owns 50% and I own 50%
Any advice much appreciated.
thanks
Ps. we meet all the requirements for L1, turnover, employees etc....
We are looking to apply for the L visa next year. I see that your blog states that you meet all the requirements for the L1 visa (turnover, employees etc) If possible can you please let me know what the turnover/employees and any other criteria has to be, as we have been told by attorneys and a sucessful applicant that there is no specific criteria as it all depends on the type of UK business and the new U.S business.
Many Thanks

#11
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Joined: Dec 2008
Posts: 766












what you have been told is correct.
if you own or part own the UK company they will want to see that it can continue to trade without you. there is no minimum number of employees or turnover but the company needs to be stable and succesful.
the US company -presume it is a start up- must be owned at least 51% by the UK company (not by 'you').
defintely have a good laywer on baord before you start
if you own or part own the UK company they will want to see that it can continue to trade without you. there is no minimum number of employees or turnover but the company needs to be stable and succesful.
the US company -presume it is a start up- must be owned at least 51% by the UK company (not by 'you').
defintely have a good laywer on baord before you start

#12

what you have been told is correct.
if you own or part own the UK company they will want to see that it can continue to trade without you. there is no minimum number of employees or turnover but the company needs to be stable and succesful.
the US company -presume it is a start up- must be owned at least 51% by the UK company (not by 'you').
defintely have a good laywer on baord before you start
if you own or part own the UK company they will want to see that it can continue to trade without you. there is no minimum number of employees or turnover but the company needs to be stable and succesful.
the US company -presume it is a start up- must be owned at least 51% by the UK company (not by 'you').
defintely have a good laywer on baord before you start
