In closely held corporations, transfer restrictions on common stock are essential to controlling ownership and preventing unwanted third parties from acquiring shares of the company. Unlike publicly traded companies, where shares can be freely bought and sold on secondary markets, shareholders in a closely held private corporation often have stringent negotiated contractual limitations on how and to whom they can transfer their shares. These restrictions protect existing shareholders, maintain business continuity, and ensure ownership remains aligned with the company’s (and/or founder’s) strategic interests.
BlogPasricha & Patel
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Service Agreements – Five Critical Provisions
Categories: Commercial Transactions , Corporate Law , Software Agreements , Technology Law
As a busy business owner, you juggle many responsibilities. However, slowing down to review key provisions in service agreements can save you from costly surprises, inadvertent breaches of contract, and potential legal fees.
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The Board Rules Delaware: Delaware Chancery Court Curtails Founder's Control Over Board of Directors
Categories: Attorneys , Business Law , Corporate Law , Law Firm , Legal Services
The preeminent authority of the Board of Directors of a Delaware corporation (the “Board”) is statutorily conferred by Section 141(a) of the Delaware General Corporation Law (the “DGCL”), which dictates that “the business and affairs of every corporation organized under this chapter shall be managed by or under the direction of a board of directors, except as may be otherwise provided in this chapter or in its certificate of incorporation.”
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USCIS Policy Updates Regarding “Ability to Pay” and Changing Employers during a Pending Adjustment of Status Petition
Categories: Attorneys , Best US Immigration Attorney , Corporate Law , immigration attorneys , Immigration Law , International Law , Law Firm , Lawyers , Legal Services , Real Estate
On January 5, 2024, the U.S. Citizenship and Immigration Services (USCIS) issued an updated policy guidance on the "ability to pay" requirement for immigrant petitions in certain employment-based visa classifications (i.e., EB-1, EB-2, and EB-3 preference categories). The “ability to pay” can be determined by showing that the U.S. employer has either been employed and paid the beneficiary an amount that is at least equal to the required wage already, or in the case of the beneficiary changing employers, the U.S. employer is willing and able to pay the required wage to the beneficiary.
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USCIS Updates Policies Regarding Delayed Filing of Extension of Stay and Change of Status Requests
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
On January 24, 2024, the U.S. Citizenship and Immigration Services (USCIS) announced an update in its policies regarding the untimely filing of extension of stay or change of status requests for nonimmigrants. Through this update, USCIS has the authority to consider excusing delays in filing under some conditions, specifically when the delay is caused by circumstances that are beyond the applicant’s or petitioner's control.
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USCIS Enhances H-1B Cap Season with Online Accounts and Filing Innovations
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
The U.S. Citizenship and Immigration Services (USCIS) has announced the introduction of organizational accounts for non-cap filings and the upcoming fiscal year 2025 H-1B cap season. The purpose of these accounts will allow multiple individuals within one organization and their respective legal representative to jointly work on H-1B registrations, Form I-129 (Petition for a Nonimmigrant Worker), and associated Form I-907 (Request for Premium Processing Service). The aim of these enhancements is to improve productivity and collaboration for organizations and their legal representatives.
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U.S. Department of State Implements New Interview Waiver Policy for Certain Visa Applicants
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
The U.S. State Department, in coordination with the Department of Homeland Security, has announced changes to the interview waiver policy for certain visa applicants. This decision is based on the U.S. national interest and aims to streamline the visa application process.
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U.S. Department of State Pilot Program Introduces Domestic Visa Renewal for certain H-1B Visa Applicants
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
Starting the week of January 29, 2024, and through April 1, 2024, the U.S. State Department is testing a new pilot initiative that is set to process domestic visa renewals for certain H-1B visa applicants.
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USCIS Reaches H-1B Visas Cap for Fiscal Year 2024
Categories: Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Legal Services , Technology Law , Trusts And Estates
On December 13, 2023, The United States Citizenship and Immigration Services (USCIS) announced that they have received enough petitions to meet the set limits for H-1B visas for the fiscal year 2024. This includes both the congressionally mandated cap of 65,000 H-1B visas and the master's cap, which is limited to 20,000 U.S. advanced degree exemptions.
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USCIS Introduces User-Friendly Tool for Updating Your Address
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
The U.S. Citizenship and Immigration Services (USCIS) has rolled out a groundbreaking Enterprise Change of Address (E-COA) self-service tool. The purpose of this tool is to simplify updating addresses for customers with pending applications, petitions, or requests. The introduction of such a tool enhances efficacy by making it simpler for USCIS customers to smoothly handle changing their address with the USCIS. Using this new tool, USCIS aims to promote online filing for individuals for convenience and ease for all parties involved.
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DHS Proposes Extensive Updates to H-1B Worker Program
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
The U.S. Department of Homeland Security (DHS) is set to make significant changes to the H-1B specialty occupation worker program. The aim is to enhance efficiency, strengthen integrity measures, and provide more benefits for both employers and foreign workers.
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H-1B Visa Pilot Program Commences in January 2024 and Aims to Eliminate Visa Stamping Abroad
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , H-1B Visa , immigration attorneys , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
The U.S. State Department has disclosed plans for a domestic visa renewal pilot program set to commence in January 2024.
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Key Immigration Updates from Biden Administration’s Executive Order on Artificial Intelligence
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
Sheetal A. Patel of Pasricha & Patel, LLC explains how Biden’s immigration directives signal positive steps towards streamlining visa processing in her recent article published in the New India Abroad
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USCIS Sets December 2023 Adjustment of Status Filing Charts For the Visa Bulletin
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
Sheetal A. Patel of Pasricha & Patel, LLC, explains the adjustment of status filing charts for the Visa Bulletin
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USCIS Sets November 2023 Adjustment of Status Filing Charts For the Visa Bulletin
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
Sheetal A. Patel of Pasricha & Patel, LLC, explains the adjustment of status filing charts for the Visa Bulletin
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Manavi Legal Advocacy Immigration Workshop
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
In honor of October being Domestic Violence Awareness Month, Manavi will be hosting a virtual Q&A Session with Sheetal A. Patel, Esq. of Pasricha & Patel, LLC, to discuss immigration law in the context of domestic violence.
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USCIS Sets October 2023 Adjustment of Status Filing Charts For the Visa Bulletin
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
Sheetal A. Patel of Pasricha & Patel, LLC, explains the adjustment of status filing charts for the Visa Bulletin
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USCIS ANNOUNCES NEW PROCESS TO REQUEST IN PERSON APPOINTMENT
Categories: Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , immigration attorneys , L Visa , L-1 Visa
Sheetal A. Patel of Pasricha & Patel, LLC, explains the new process to request an in-person appointment with USCIS.
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Celebrating Our 28th Anniversary
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
We owe our success to our talented team of attorneys and legal professionals. Thank you to our clients and supporters as we approach our 28th anniversary! We appreciate your confidence and support in us and look forward to continuing working together.
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USCIS Sets September 2023 Adjustment of Status Filing Charts For the Visa Bulletin
Categories: Attorneys , Best US Immigration Attorney , Business Immigration , Business Law , Citizenship , Citizenship Green Cards , Commercial Litigation , Commercial Transactions , Corporate Law , F visa , Green Cards , immigration attorneys , Immigration Law , International Law , Investment Visas , Investor Visa , L Visa , L-1 Visa , Law Firm , Lawyers , Legal Services , Real Estate , Software Agreements , Technology Law , Trusts And Estates
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Pasricha & Patel Analysis:
With the U.S. Department of State (“DOS”)’s publication of its September 2023 visa bulletin, the U.S. Citizenship and Immigration Services (“USCIS”) has decided that it will continue to use the Final Action Dates for Employment-Based Adjustment of Status Applications table. Meanwhile, USCIS also decided to continue to follow the Dates for Filing for Family-Sponsored Adjustment of Status Applications table. Please refer to the sections below for specific discussions about the visa availability date movements and trends under both the employment-based immigrant visa petitions, as well as the family-based immigrant visa petitions.
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