Tempgal

In actual practice, who usually prepares the business plan ...the foreign investor
... his attorney ... a private consultant?

It would seem to be in the investor's interest to give due consideration to
preparing his own plan because it is his investment at stake, but is that how it
usually happens?

If the attorney does it, is preparation of the business plan usually a part of the
total quoted fee, or is that extra?

Just wondering what goes on in the real world.

Thanks.

Dan Learned

In my practice we usually wind up doing the business plan in the case of small
businesses because (1) Clients generally are not capable even though they think they
are (2) the best business plan ever created is worth nothing if it does not comport
with what the State Department or the INS is looking for (3) it takes too long for
someone else to do the plan, even though the client is promised quick action (4) I
have yet to see any software or book which is designed for any business which
involves capital of less than about 100 million dollars.

The business plan is key for an E-2 case. The best approach is usually to have an
experienced business consultant (experienced with business plans) or a college
business professor do it with the permaters being set by the immigration attorney. A
key component of the plan are the financial projections. Sometimes the client can do
that, but more often someone else is needed, such as an accountant. It varies from
case to case.

Daniel C.Learned,J.D. Immigration Attorney www.immlearn.com

"tempgal" <[email protected]> wrote in message
news:<[email protected] link.net>...
    > In actual practice, who usually prepares the business plan ...the foreign investor
    > ... his attorney ... a private consultant?
    >
    > It would seem to be in the investor's interest to give due consideration to
    > preparing his own plan because it is his investment at stake, but is that how it
    > usually happens?
    >
    > If the attorney does it, is preparation of the business plan usually a part of the
    > total quoted fee, or is that extra?
    >
    > Just wondering what goes on in the real world.
    >
    > Thanks.

Paul Helpdesk

It is better if you prepare the draft. You know the basic business better than any
one else. You could then give it to the business plan writer or the attorney to
enhance it for the INS filing.

You may find the following links helpful:

http://www.visapro.com/E2-Visa/E2-Investor-Visa.asp
http://www.delawareinc.com/chapter3.htm

Paul @ HelpDesk