L1 question re partnership
Nov 25th 2010, 6:06 pm
#1
Just Joined
Thread Starter
Joined: Oct 2010
Posts: 26
L1 question re partnership
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....
Nov 25th 2010, 8:51 pm
#2
Just Joined
Thread Starter
Joined: Oct 2010
Posts: 26
Re: L1 question re partnership
anyone? :-)
Nov 25th 2010, 11:24 pm
#3
BE Forum Addict
Joined: Jan 2008
Location: Toasty in Texas
Posts: 4,240
Re: L1 question re partnership
Patience...it's Thanksgiving Day here and everyone is busy stuffing themselves with turkey and watching football 
Nov 25th 2010, 11:40 pm
#4
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: L1 question re partnership
Originally Posted by casablanca83
anyone? :-)
Ian
Last edited by ian-mstm; Nov 25th 2010 at 11:43 pm.
Nov 26th 2010, 12:36 am
#5
Account Closed
Joined: Mar 2004
Posts: 0
Re: L1 question re partnership
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.
Nov 26th 2010, 5:55 am
#6
Just Joined
Thread Starter
Joined: Oct 2010
Posts: 26
Re: L1 question re partnership
ah - happy thanksgiving then :-)
Nov 26th 2010, 6:17 am
#7
BE Enthusiast
Joined: Dec 2008
Posts: 766
Re: L1 question re partnership
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
Nov 26th 2010, 11:39 pm
#8
BE Commentator
Joined: Feb 2010
Location: Los Angeles, California
Posts: 7,968
Re: L1 question re partnership
Originally Posted by Flabound oneday
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
Nov 27th 2010, 6:24 am
#9
BE Enthusiast
Joined: Dec 2008
Posts: 766
Re: L1 question re partnership
Originally Posted by S Folinsky
It is a good idea to get good advice.
Dec 8th 2010, 1:34 pm
#10
Forum Regular
Joined: Dec 2010
Posts: 55
Re: L1 question re partnership
Originally Posted by casablanca83
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
Dec 8th 2010, 2:02 pm
#11
BE Enthusiast
Joined: Dec 2008
Posts: 766
Re: L1 question re partnership
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
Dec 8th 2010, 2:25 pm
#12
BE Commentator
Joined: Feb 2010
Location: Los Angeles, California
Posts: 7,968
Re: L1 question re partnership
Originally Posted by Flabound oneday
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
