Part 6 – EB5 Green Card Series
EB5 Green Card Part 6 – The Business Rescue or “Troubled Business”
Welcome to the Law Offices of Chris M. Ingram. We are delighted that you have joined us for Part 6 in our video presentation series on the EB5 Investment Based Green Card. In this presentation we’re going to take a look at the Troubled Business EB5 option. Ok – let’s get started.
What is a Troubled Business?
The EB5 rules contain special provisions for investing in a “troubled” business. The purpose of these rules is to provide an incentive for prospective EB5 investors to re-organized and fund companies that are experiencing financial difficulties.
Please note, that as an investor you will still be required to invest $500K if the location of the business is in a Targeted Employment Area / rural area or area of high unemployment. If the business is not in a Targeted Employment Area then the investment will need to be one million dollars.
Troubled businesses can be excellent opportunities because a business in distress may have a lot of latent potential that in time could reap higher rewards.
Ok, to be considered a “troubled” business, the business must satisfy the following requirements:
- The business must have existed for at least two years;
- The business must be currently experiencing a net loss for accounting purposes during the 12 or 24-month period before the EB5 petition is filed; and
- The loss experienced must be equal to at least 20 percent of the business’ net worth before the loss occurred.
Turning the Business Around
In order to be deemed successful by the Department of Homeland Security you must:
- Keep the business afloat for two years;
- Maintain the staffing levels at the time you took over the business or added to 10 full-time jobs;
Ok – In the next EB5 presentation we’ll discuss the Family Benefits of the EB5 Investment Green Card, Thank you for joining us and we hope you enjoyed this presentation.
US Immigration Law Offices of Chris M. Ingram
Chris M. Ingram LL.M., ESQ – Immigration Attorney
Admitted in New York.
Practice Specializing in US Immigration Law
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Tel: 310 496 4292
Everyday the Law Offices of Chris M. Ingram provides a comprehensive range of US Immigration expertise. We also provide a free consultation for our prospective clients.
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Specializing in the E2 Visa, EB1 Green Card, L-1A Visa and O1 Visa and K1 Visa Marriage-Based Immigration. Attorney Chris M. Ingram is dedicated to providing the very best in US Immigration legal representation. Enjoy our website.
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