1. H. Ronald Klasko, Esq. Klasko, Rulon, Stock & Seltzer, LLP Philadelphia New York 1800 John F. Kennedy Blvd., Floor 17317 Madison Avenue, Suite 1518 Philadelphia, PA 19103New York, NY 10017 215.825.8600 212.796.8840 rklasko@klaskolaw.com www.klaskolaw.com Visa and Permanent Residence Options for the Entrepreneurial Student

2. Klasko, Rulon, Stock & Seltzer, LLP H. Ronald Klasko, Esq. Ron Klasko is the Managing Partner of Klasko, Rulon, Stock & Seltzer, LLP and has been providing immigration assistance and solutions to universities, hospitals, and research institutions for over 25 years. Ron is a past National President of the American Immigration Lawyers Association and served for 3 years as the bar association’s General Counsel. His firm is the first immigration law firm global partner of NAFSA: Association of International Educators. Mr. Klasko has been invited by more than 25 universities and hospitals to address students and scholars. Ron has been selected as one of six top tier immigration lawyers in the US by Chambers Global. He is selected annually for inclusion in Best Lawyers in America. The International Who’s Who of Business Lawyers 2007 and 2008 Corporate Immigration Law editions selected Ron as the “most highly regarded” immigration lawyer in the world. He is a frequent author and lecturer on hospital and university- related immigration law topics and is a former Adjunct Professor of Immigration Law at Villanova University Law School. Ron is a graduate of the University of Pennsylvania School of Law. He has helped thousands of students navigate the complicated process of obtaining working visas and green cards.

3. Klasko, Rulon, Stock & Seltzer, LLP 2011 Issues Fewer job offers H-1B quota Tensions for investors and entrepreneurs between:  Obama Administration support vs.  USCIS restrictive attitudes Legislative proposals  EB-6 – venture capital  Staple green card to degree For more information, visit www.klaskolaw.com

4. Klasko, Rulon, Stock & Seltzer, LLP Employment Options for the F-1 Student 20 hours per week on campus OPT after complete studies Options for the entrepreneur  On-campus employment must be services for students  OPT employment must be related to studies Starting company while a student See “Murky F-1 Employment Issues” (http://www.klaskolaw.com) For more information, visit www.klaskolaw.com

5. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business Must establish company with employer tax I.D. number Company can be 100% owned by H-1B employee  Must be W-2 employee  Company separate entity from owner/employee  Independent Board of Directors or other mechanism For more information, visit www.klaskolaw.com

6. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business Company must prove  Financial ability to pay salary Profits and/or capitalization  Real job to be done by H-1B  Place of business (cont’d) For more information, visit www.klaskolaw.com

7. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business Importance of business plan/financial projections Other employees helpful – not required Prevailing Wage  CEO vs. function-descriptive position (cont’d) For more information, visit www.klaskolaw.com

8. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business “Specialty Occupation”  Use of concepts learned in courses H-1B Quota  Past years  2011  What it means  Employment during “cap gap” (cont’d) For more information, visit www.klaskolaw.com

9. Klasko, Rulon, Stock & Seltzer, LLP Other Nonimmigrant (Temporary) Options Treaty (E) Visas Must be national of treaty country  http://www.travel.state.gov./visa Company must be owned at least 50% by treaty country nationals For more information, visit www.klaskolaw.com

10. Klasko, Rulon, Stock & Seltzer, LLP (cont’d) Other Nonimmigrant (Temporary) Options Treaty (E) Visas Visa for 1 to 5 years  Each entry limited to two years  Visa and entry can be extended indefinitely No quota Spouse can work For more information, visit www.klaskolaw.com

11. Klasko, Rulon, Stock & Seltzer, LLP Treaty traders (E-1)  “Substantial” import or export  Majority between U.S. and treaty country  Can be manager, supervisor or “essential skill” employee (cont’d) Other Nonimmigrant (Temporary) Options Treaty (E) Visas For more information, visit www.klaskolaw.com

12. Klasko, Rulon, Stock & Seltzer, LLP Treaty investors (E-2)  “Substantial” investment No exact amount Varies depending upon type of investment Relevant issues  Amount of investment  Number of employees  Needs of business  Likely profitability and growth potential Business plan and financial projections critical (cont’d) Other Nonimmigrant (Temporary) Options Treaty (E) Visas For more information, visit www.klaskolaw.com

13. Klasko, Rulon, Stock & Seltzer, LLP Visa applicant can be  Investor or  Manager, supervisor or essential employee (cont’d) Other Nonimmigrant (Temporary) Options Treaty (E) For more information, visit www.klaskolaw.com

14. Klasko, Rulon, Stock & Seltzer, LLP Intracompany Transferee (L-1) Visas National of any country No quota Length of visa  Start up 1 year  Established business 3 years  Maximum length 7 years For more information, visit www.klaskolaw.com

15. Klasko, Rulon, Stock & Seltzer, LLP Intracompany Transferee (L-1) Visas Spouse can work Must be “international” business  Business outside U.S. with at least 50% common ownership  Must be employed by that business one year Type of employment (in U.S. and overseas companies)  Manager or executive  “Specialized knowledge” employee (cont’d) For more information, visit www.klaskolaw.com

16. Klasko, Rulon, Stock & Seltzer, LLP Intracompany Transferee (L-1) Visas (cont’d) Start-up issues  Place of business  Employees  Capitalization  Need for “manager”  Business plan and financial projections For more information, visit www.klaskolaw.com

17. Klasko, Rulon, Stock & Seltzer, LLP Extraordinary Ability (O-1) Visas National or international renown “One of a few at the top of his peers” Must be employer or agent  Can be own company Length of visa  3 years  1 year extensions  Can extend indefinitely For more information, visit www.klaskolaw.com

18. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Family Employment Investment Asylum Lottery For more information, visit www.klaskolaw.com

19. Klasko, Rulon, Stock & Seltzer, LLP Quotas Per country of birth, per preference category, per fiscal year Filing date is “priority date” EB-1 (extraordinary ability, outstanding researcher, multinational manager)  No quota wait For more information, visit www.klaskolaw.com

20. Klasko, Rulon, Stock & Seltzer, LLP Quotas EB-2  National interest waiver  Labor certification requiring Masters degree Bachelors degree plus 5 years progressive experience, or Exceptional ability  No quota wait, except China and India EB-3  Labor certification requiring bachelors or 2 years experience  Long quota wait for all countries (cont’d) For more information, visit www.klaskolaw.com

21. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5) http://www.eb5immigration.com No quota delay Processing times Amount of investment  $1,000,000 or  $500,000 in “targeted employment area” For more information, visit www.klaskolaw.com

22. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5) Two possibilities  Individual investment Create 10 full-time jobs for U.S. workers  Regional center investment Approximately 180 USCIS – approved regional centers Mostly $500,000 investment Indirect employment creation ok (cont’d) For more information, visit www.klaskolaw.com

23. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5)  Some have long, successful history – some do not  Investment at risk – usually around 5 years  Choosing a regional center Due diligence list at http://www.eb5immigration.com/choosing-a-regional- center.php  Can live/work wherever you want (cont’d) For more information, visit www.klaskolaw.com

24. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5) Individual EB-5  Type of business Active business New business or expansion of pre-November 1990 business  40% increase in net worth or number of employees (cont’d) For more information, visit www.klaskolaw.com

25. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5) Employment creation  10 new or 10 additional full-time jobs  U.S. citizens or permanent residents  Saving 10 jobs in “troubled business” (cont’d) For more information, visit www.klaskolaw.com

26. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5) Lawful source of funds  Extensive documentation required  Can be gift Must prove giftor's source of funds  Can borrow money (cont’d) For more information, visit www.klaskolaw.com

27. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5) Nature of investor’s relationship to business  Do not have to be employee (but can)  Do not have to be owner (but can) Cannot be purely passive  Limited partner ok (cont’d) For more information, visit www.klaskolaw.com

28. Klasko, Rulon, Stock & Seltzer, LLP Investment (EB-5)  Choosing between individual and regional center investment http://www.eb5immigration.com/regional-centers-vs- individual-eb-5.php (cont’d) For more information, visit www.klaskolaw.com

29. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Employer-sponsored or self-sponsored Labor certification or extraordinary/national interest/exceptional Multiple petitions For more information, visit www.klaskolaw.com

30. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Self-Sponsored  Extraordinary ability EB-1 Extensive documentation required Reference letters critical (cont’d) For more information, visit www.klaskolaw.com

31. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment  National Interest Waiver EB-2 Standard  Exceptional ability or advanced degree  National priority  National impact Extensive documentation required Reference letters critical (cont’d) For more information, visit www.klaskolaw.com

32. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Employer-Sponsored  Multinational Manager EB-1 Same as L-1 except must be manager or executive overseas (cont’d) For more information, visit www.klaskolaw.com

33. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment  Labor Certification Application (PERM) EB-2 or EB-3 Employer must:  Pay attorney fees and advertising costs  Define “minimum requirements”  Engage in required recruitment (approximately 4-5 months)  Interview U.S. worker applicants  Prove unavailability of qualified, interested, and available U.S. worker  Pay prevailing wage Not available to owner of business (cont’d) For more information, visit www.klaskolaw.com

34. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Timing  Electronic filing  Possibility of audit  First of three steps (cont’d) For more information, visit www.klaskolaw.com

35. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment I-140 Petition  1 st step for EB-1 and national interest waiver  2 nd step for PERM Employee documents education and experience  If adjustment of status, file concurrently with I-485 if quota current  If consular immigrant visa processing, approval sent to National Visa Center (cont’d) For more information, visit www.klaskolaw.com

36. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment I-485 (Application for Adjustment of Status to Permanent Resident)  Cannot file until quota is current  Importance of filing Do not need to maintain visa status Can file for spouse and child Can get Employment Authorization Document (EAD) (cont’d) For more information, visit www.klaskolaw.com

37. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Can get advance parole travel document  Eliminate need to obtain visas  Can still maintain and extend H-1B status Can leave employer if  I-140 approved  I-485 pending 180 days  Similar occupation Permanent resident upon approval Timing and delay issues (cont’d) For more information, visit www.klaskolaw.com

38. Klasko, Rulon, Stock & Seltzer, LLP Materials Please visit www.klaskolaw.com to download this PowerPoint presentation and relevant articles. For more information, visit www.klaskolaw.com

39. Klasko, Rulon, Stock & Seltzer, LLP For more information, visit www.klaskolaw.com

40. Klasko, Rulon, Stock & Seltzer, LLP For Further Information H. Ronald Klasko, Esq. Klasko, Rulon, Stock & Seltzer, LLP E-mail: rklasko@klaskolaw.com Telephone: 215-825-8600 (Philadelphia) 212-796-8840 (New York) Websites:www.klaskolaw.com www.eb5immigration.com www.eb1immigration.com Blog:http://blog.klaskolaw.com