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
-
USCIS Announces Fiscal Year 2026 H-1B Cap Initial Registration Period
Categories: H-1B , Immigration , Law Firm , Lawyers , Legal Advice , Registration , USCIS
The U.S. Citizenship and Immigration Services (USCIS) announced that the initial registration period for the Fiscal Year (FY) 2026 H-1B cap will open at noon Eastern on March 7, 2025, and remain open through noon Eastern on March 24, 2025. During this registration period, prospective petitioners and representatives must use a USCIS account online to register each H-1B beneficiary electronically and pay the associated registration fee ($215.00) for each registered beneficiary.
Click Here To Read The Full Article
-
Updated Filing Procedures for Form I-140
Categories: immigration attorneys , Law Firm , Lawyers , Legal Advice , Legal Services , USCIS
On January 13, 2025, the USCIS announced updated filing procedures for Form I-140, Immigrant Petition for Alien Workers. These changes are in response to the U.S. Department of Labor (DOL) implementing a new system for permanent labor certifications, known as the Foreign Labor Application Gateway (FLAG), which went into effect on June 1, 2023.
Click Here To Read The Full Article
-
USCIS Sets February 2025 Adjustment of Status Filing Charts for the Visa Bulletin
Categories: Attorneys , Immigration Law , Law Firm , Lawyers , USCIS , Visa Bulletin
Sheetal A. Patel of Pasricha & Patel, LLC, explains the adjustment of status filing charts for the Visa Bulletin
Click Here To Read The Full Article
-
USCIS Releases Updated Guidance on Evidence for International Entrepreneur Rule Applicants
Categories: Attorneys , immigration attorneys , Law Firm , Lawyers , Legal Services , USCIS
On December 12, 2024 the USCIS released new policy guidance to help people applying for International Entrepreneur Parole. This parole allows foreign entrepreneurs to stay in the U.S. temporarily if their startups are expected to grow quickly and create jobs. The addition of these new guidelines is to explain what types of evidence entrepreneurs should provide when applying. These changes are effective immediately for all new applications and any pending cases.
Click Here To Read The Full Article
-
USCIS Announces Updates to Case Assistance and Communication Guidelines
Categories: Attorneys , Business Immigration , H-1B Visa , Immigration Law , International Law , Law Firm , Lawyers , Legal Services
USCIS has updated its policy manual to make it easier for people to get help with their cases and provide feedback. These changes aim to improve the customer’s experience by making the process of managing cases and addressing concerns more efficient. The update also clarifies response times and provides new tools to help individuals interact with the USCIS more easily.
Click Here To Read The Full Article
-
USCIS Offers Flexibility During and After Emergencies or Unforeseen Circumstances
Categories: Attorneys , Business Immigration , Green Cards , H-1B Visa , immigration attorneys , Law Firm , Lawyers , Legal Services
On December 19, 2024, the U.S. Citizenship and Immigration Services (USCIS) announced an update to their policy manual that provides clarity on the flexibilities that may be available for individuals requesting immigration benefits.
Click Here To Read The Full Article
-
DHS Extends Automatic Extension Period for EAD Renewals
Categories: Attorneys , H-1B Visa , immigration attorneys , Immigration Law , L-1 Visa , Law Firm , Lawyers , Legal Services
On December 10, 2024, the Department of Homeland Security (DHS) announced a final rule that will improve access to employment authorization documents (EAD) for eligible individuals. This final rule specifically highlights the permanent increase in the automatic extension period of EADs from up to 180 days initially to up to 540 days for eligible noncitizens who file a timely request for the renewal of their extension.
Click Here To Read The Full Article
-
USCIS Mandates Submission of Immigration Medical Examination and Vaccination Record with Form I-485 for Certain Applicants
Categories: Attorneys , immigration attorneys , Immigration Law , Law Firm , Lawyers , Legal Services , USCIS
The United States Citizenship and Immigration Services (USCIS) has announced a new requirement for certain applicants filing Form I-485, the Application to Register Permanent Residence or Adjust Status. Going forward, applicants must submit Form I-693, the Report of Immigration Medical Examination and Vaccination Record, to accompany the Form I-485, or the application may be rejected. (Note: Previously, the applicant could submit the form I-693 subsequent to the filing of the initial form I-485.) Form I-693 serves as proof that the applicant is free from health-related conditions that would make them inadmissible under U.S. immigration law.
Click Here To Read The Full Article
-
NOVEMBER 2024 VISA BULLETIN: VISA DATES EXPERIENCE LITTLE MOVEMENT
Categories: Attorneys , F1 , F2A , F2B , F3 , F4 , Immigration Law , Law Firm , Lawyers
The U.S. Department of State (DOS) publishes current immigrant visa availability information on its Visa Bulletin. The Visa Bulletin shows when immigrant visas are available for issuance to prospective immigrants based on their individual priority dates. Every month, the DOS publishes two charts per visa preference category on its Visa Bulletin. The charts are based on the Application Final Dates and Dates for Filing Applications.
Click Here To Read The Full Article
-
New Policy Implementations from the Biden Administration to Protect Certain Undocumented Immigrants
Categories: Citizenship , Law Firm , Lawyers , Legal Services
The Biden administration has announced new policies that would offer legal status to a wide array of immigrants living in the United States without the proper and necessary documentation. This program that is being crafted would provide work permits and certain deportation protections to those unauthorized immigrants married to U.S. citizens. Their eligibility to receive such protections is determined on a case-by-case basis.
Click Here To Read The Full Article
-
Policy Updates Regarding Family-Based Immigrant Visas
Categories: Attorneys , Citizenship , Law Firm , Lawyers , Legal Services
Beginning on May 22, 2024, the U.S. Citizenship and Immigration Services (USCIS) announced a new update in the USCIS Policy Manual regarding family-based immigrant petitions. This policy update explains how USCIS handles correcting errors for approval notices, requests for consular processing or adjustment of status on the beneficiary’s behalf, and correct routing of procedures for approved petitions.
Click Here To Read The Full Article
-
USCIS Announces Updates for the Fiscal Year 2025 H-1B Cap Registration Process
Categories: Citizenship , H-1B Visa , Law Firm , Lawyers
On April 1, 2024, the U.S. Citizenship and Immigration Services (USCIS) announced that enough electronic registrations were received during the initial registration period to reach the numerical allotments (H-1B cap) for the fiscal year (FY) 2025.
Click Here To Read The Full Article
-
USCIS Incorporates Department of Labor’s Definition of “Science or Art” Into Its Policy Manual
Categories: Attorneys , Citizenship , EB-2 , EB-3 , Law Firm , Lawyers
The U.S. Citizenship and Immigration Services (USCIS) issued a policy guidance in their policy manual announcing the adoption of the U.S. Department of Labor (DOL)’s definition of “science or art” into its own policy manual. This clarification specifically impacts adjudication of EB-2 & EB-3 visa preference categories for Schedule A Group II cases.
Click Here To Read The Full Article
-
THE END OF THE NON-COMPETE?
Categories: Attorneys , Law Firm , Lawyers
Celebrations of free market capitalism on one side, and accusations of egregious agency overreach on the other. The Federal Trade Commission’s long expected ban on employer enforced non-compete provisions is finally here.
Click Here To Read The Full Article
-
USCIS Outlines New Update on the Validity Period for Form I-693
Categories: Citizenship , Citizenship Green Cards , Law Firm , Lawyers , Legal Services
On April 4, 2024, the U.S. Citizenship and Immigration Services (USCIS) announced that Form I-693, Report of Immigration Medical Examination and Vaccination Record, that was properly completed and signed off by a civil surgeon on or after November 1, 2023, no longer has an expiration date and can be used indefinitely as evidence that an applicant is not inadmissible on health-related grounds. Form I-693 is the form that USCIS designated civil surgeons to fill out on behalf of the applicants who are applying for adjustment of status to become lawful permanent residents. This form is used to establish that an individual is not inadmissible to the United States on public health grounds.
Click Here To Read The Full Article
-
USCIS Sets May 2024 Adjustment of Status Filing Charts For the Visa Bulletin
Categories: EB-1 , EB-2 , EB-3 , EB-4 , EB-5 , F1 , F2A , F2B , F3 , F4 , Immigration Law , Law Firm , Lawyers , Legal Services
Sheetal A. Patel of Pasricha & Patel, LLC, explains the adjustment of status filing charts for the Visa Bulletin
Click Here To Read The Full Article