Mark Deal talks about the second part of crafting a business plan for immigration purposes such as
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- Mark’s Three sided business plan to maximize impact and ease petition review.
- Qualitative: This is the writing of the plan and should back up the tables while supporting the petition
- Quantitative: The hardcore numbers. Every plan has to have realistic projections for all facets for the business
- Graphical: Tables and tables of numbers can be boring or worse, confusing. Use tables to tie the quantitative and pictures to support the qualitative
- What immigration adjudicators are looking for and common pitfalls of most plans.
- Personnel Hiring Plan: How to use it, and how not to rely on it too heavily (for E-2 and L-1 cases that don’t have a lot of direct reports)
- Financial Plan covering Start-up Funding, Profit and Loss projections, Cash Flows, Balance Sheet with Net Worth and Break-even Analysis
- What is a realistic expectation and how to document exceptions
- How to prove a substantial investment in a business
- How to tie start-up summaries to immigration petition forms
- Tie everything together in a concise way for the Executive Summary
- A quick wrap up of some of the items I didn’t cover for specific cases
Links to resources covered on this episode:
- Form I-129: Petition for Nonimmigrant workers (i.e. E-2, L-1 and others)
- Form I-526: Immigrant Petition for Alien Entrepreneur (i.e. EB-5)
- 10 Payback Strategies For EB-5 Investors
- E-2 Business Plan checklist
- L-1A Executive Action checklist
- EB-5 Matter of Ho checklist