The importance of a well-written business plan on L1, E2 and EB5 visa matters

The United States government hopes to see a well-written business plan to support applications in both the E Treaty Visa category and the EB5 Immigrant Entrepreneur category. Additionally, the USCIS often rejects a request for a feasibility study on L1 “New Office” petitions, which is something that is typically included in a well-written business plan. Therefore, it makes sense that the inclusion of a well-written business plan is essential as supporting documentation in an L1 “New Office” Petition.

Evidence of the critical importance of a well-written plan is the fact that the United States government frequently denies L1, E2, and EB5 visa applications and applications due to the lack of a comprehensive and credible plan. .

Business plans that are not comprehensive and are more in the nature of a summary or general description of the business are generally not acceptable for L1 visa, E2 visa and EB5 visa purposes. Instead, in any given case, the United States government expects to receive and review a quality product that, at a minimum:

a.) Fully describe the company, its products and services;

b.) Analyze the market in detail, including potential customers and competitors;

c.) Outlines a marketing strategy;

d.) Sales, costs and income projects during a period of 5 years, showing the base of these projections; Y

e.) Presents full details on the organizational structure of the companies, including full job descriptions and a staffing schedule.

In short, the United States government hopes to see a business plan that is as comprehensive as one that would be presented to a bank for the purpose of seeking financing. Therefore, it is strongly recommended that one seek the services of a professional who is familiar with the relevant immigration regulations in drafting a plan if he hopes to have a high chance of success on a petition or application for an L1 visa, E2 visa, or EB5 visa. .

When selecting the right company to write a specific business plan for a visa, a company or investor should look for a company that possesses both experience in writing bespoke business plans and the appropriate legal experience to tailor the plan to specific requirements. of the L1 visa, E2 visa or EB5 visa categories.

To ensure that all required elements of a well-written business plan are covered to the satisfaction of the United States government, the business or investor must ensure that all of the following services will be covered at the rate they will pay. for the business plan writing service:

a.) Configuration of the business plan according to the destination visa category;

b.) Compilation of information and documentation on the property, objectives and mission of the company;

c.) Work with the business owner to determine a concise statement about the business success formula;

d.) Work with the owner on the administration and staffing plan appropriate for the visa (i.e. executive / management combination for the L1 visa; avoidance of marginality for the E2 visa; creation of 10 full-time positions during a period of 2 years for the EB5 visa;

e.) Write an easy-to-read service summary;

f.) Collaborate with the client to create a feasibility study that covers the target market, the potential client / client in the geographic area (with growth projections) and the analysis of the competition;

g.) Collect financial information to write financial plan and tables, including inception summary (as applicable), sales forecast, operating expenses, and 5-year projections.

Once the business plan has been developed in its penultimate draft, it must undergo a final review by the responsible immigration attorney to obtain an opinion on the feasibility of the plan, from a financial perspective. (Obviously, if the responsible immigration attorney is writing the business plan, their opinion will be issued simultaneously with the creation of the penultimate draft.) Be finalized and signed for inclusion in the visa application package.