Moving to the U.S. from the UK on an E-2?

[neat1s 0]

Hi There,

Not sure where I should be posting this. My husband and I and our partners from England opened a business in Wisconsin in May 2007. My husband came here from Birmingham England on a fiancee visa in 2003. Our friends got here in February 2009 on an E-2 (I think) visa....if that's the visa for investing in a business in the U.S.

I have some major questions - am I "stuck" in a business with them for the rest of my life? I mean - will they always have to be a business owner in order to stay here? I realize if they found a business to run themselves that they could do that.

Also - they go back in August 2010 for renewal of their Visa - what is the chance of the Visa NOT being approved if the business hasn't made a noticable profit since they arrived? We have not made a profit at all since opening but the end of the year loss figures are getting smaller. My main concern is that our business can easily support 1 family (my husband and I because we could run it by ourselves) but not 2 families. Our partners could not run it by themselves and survive.

I would appreciate any and all ideas on this matter. You can email direct at neat1s@hotmail.com.

Thanks

Wanda Aird

[Otto 83]

** Moving topic to "General Immigration Related Discussion"

[N M 96]

Hi There,

Not sure where I should be posting this. My husband and I and our partners from England opened a business in Wisconsin in May 2007. My husband came here from Birmingham England on a fiancee visa in 2003. Our friends got here in February 2009 on an E-2 (I think) visa....if that's the visa for investing in a business in the U.S.

I have some major questions - am I "stuck" in a business with them for the rest of my life? I mean - will they always have to be a business owner in order to stay here? I realize if they found a business to run themselves that they could do that.

Also - they go back in August 2010 for renewal of their Visa - what is the chance of the Visa NOT being approved if the business hasn't made a noticable profit since they arrived? We have not made a profit at all since opening but the end of the year loss figures are getting smaller. My main concern is that our business can easily support 1 family (my husband and I because we could run it by ourselves) but not 2 families. Our partners could not run it by themselves and survive.

I would appreciate any and all ideas on this matter. You can email direct at neat1s@hotmail.com.

Thanks

Wanda Aird

Can't help with the specific visa question I'm afraid.

But (and I'm not having a dig here) as a former UK Tax Inspector I really laughed at the following -

"We have not made a profit at all since opening." and

"Our business can easily support one family"

I presume you mean that the business could EVENTUALLY support one family (at the moment, with no profits to draw on the implication is that you are either living off savings or borrowing). But you'll need to be a lot more specific for people to help you with the advice you need here. The losses may be reducing year on year, but how high are they at the moment? When do you honestly think you'll start making a profit and how much will your initial annual profits be?

[N M 96]

Hi There,

Not sure where I should be posting this. My husband and I and our partners from England opened a business in Wisconsin in May 2007. My husband came here from Birmingham England on a fiancee visa in 2003. Our friends got here in February 2009 on an E-2 (I think) visa....if that's the visa for investing in a business in the U.S.

I have some major questions - am I "stuck" in a business with them for the rest of my life? I mean - will they always have to be a business owner in order to stay here? I realize if they found a business to run themselves that they could do that.

Also - they go back in August 2010 for renewal of their Visa - what is the chance of the Visa NOT being approved if the business hasn't made a noticable profit since they arrived? We have not made a profit at all since opening but the end of the year loss figures are getting smaller. My main concern is that our business can easily support 1 family (my husband and I because we could run it by ourselves) but not 2 families. Our partners could not run it by themselves and survive.

I would appreciate any and all ideas on this matter. You can email direct at neat1s@hotmail.com.

Thanks

Wanda Aird

Can't help with the specific visa question I'm afraid.

But (and I'm not having a dig here) as a former UK Tax Inspector I really laughed at the following -

"We have not made a profit at all since opening." and

"Our business can easily support one family"

I presume you mean that the business could EVENTUALLY support one family (at the moment, with no profits to draw on the implication is that you are either living off savings or borrowing). But you'll need to be a lot more specific for people to help you with the advice you need here. The losses may be reducing year on year, but how high are they at the moment? When do you honestly think you'll start making a profit and how much will your initial annual profits be?

And just to be clear - when you talk about never making a profit, please say whether each of your losses are actual physical losses - or just paper losses after taking into account depreciation/ capital allowances etc.