It describes the business in great detail so that the reader is left with no doubts as to what the business involves, who will own and manage it, and its relationship to the foreign company. Supporting Documentation There is a variety of supporting business documentation that accompanies the L1 plan, and knowing how to assemble it is crucial.
For example: Proving the business relationship — To prove the foreign and U. Proving work time — Documentation for the L1 Visa to prove the employee worked the minimum one year in a three-year period includes paycheck stubs, copies of payroll records, and tax returns. Proving type of position held in foreign country — There is a requirement that the transferring employee be in a professional position in the overseas company.
A professional position is an executive, senior manager, or some other type of managerial position. The appropriate supporting documentation for proving the type of position in the L-1 business plan for visa application can take many forms. It could be performance reviews, job descriptions, or a resume. Proving office space — Supporting documentation to prove office space is adequate for operations includes a signed leasing contract or a mortgage, if the space is purchased.
Other documentation can be anything that proves operational activities are being conducted in that space, like marketing materials that have the address of the space where the employee will be working.
Documentation includes items like sales or inventory reports, payroll reports, or contracts with customers or vendors. An L1 visa extension can be applied for if it takes more than a year to get a new enterprise up and running. During the first year, any activity is appropriate when related to the operation. Website Development Our website development team has an eye for modern yet functional design.
Outsourced C-Level Executives Finding the right executive to strategize your financials, marketing, or operations is a crucial yet extremely costly process. We partner you with a C-level executive with experience in your industry. We have helped over 2, entrepreneurs and business owners, including startups, small businesses, nonprofits, and Fortune companies to launch, grow, and fund their businesses.
You are already investing hard-earned money into your American business. Our business consultants can increase your chance of success. Additionally, you should show how certain statistics and data speak to your company, and how your company will continue to enhance the industry in return. These things will show that you understand your business and will give you a leg up when it comes to the immigration officer reading your application. In the beginning of this section, you should be sure to list which state, city, and neighborhood your company will be located, describe the median income or poverty level, and indicate if and how the city is ideal for the type of business you will establish.
Below are further sub-sections you should include in your Market section: Geography — Present the average annual revenue per business for firms operating in the same industry and area as your company. This will show that your company has the potential to generate revenue and that there will be a demand for the type of products or services that your company will offer.
Competition — Outlining competitors in the area gives an idea of how hard it will be for your business to obtain market share.
However, having competitors does not always mean bad luck for your company. If the area you operate within has a demand for your offerings, competitors can actually be good for your business, and this should be detailed in your business plan.
You can also display a map where competitors can be found. Target Market — In this sub-section you will want to answer the following questions: Who are your customers? What age are the individuals within your target group s? Where do the individuals within your target group s live?
What are the jobs of individuals within your target group s? How much do the individuals within your target group s earn? What factors may cause your target group s to not want to or to not be able to purchase your products or services? While these are all important questions to answer, feel free to answer as many questions as you can think of to further define this target market.
The more you know about your target market the more you will convince the application reviewer that you know your business and you know how to operate within the industry. Furthermore, the competition analysis section shows how the company does or will do compared to its competitors, and should include a table comparing the business to its competitors.
The purpose of this section is to show that the company will thrive in its location and will be able to surpass its competitors. You can also list the competitors that the parent company faced in the country of origin, as some may differ from the United States. Currently, online marketing is the main focus of many marketing strategies and efforts for companies all over the globe. However, there are several forms of marketing strategies that must be considered and put into place. Below is a list and short description of these strategies: Search Engine Optimization — Search engine optimization SEO campaigns help a website to appear on the first page of results when typing certain words into a search engine such as Google or Yahoo.
Appearing on the first page of results is vital because very few internet browsers click to the second page of results. Therefore, it is important to dedicate a certain amount of your financials to SEO every month. Social Media — Having a website is no longer enough to market your business.
There are target markets on every social media network and they are waiting to be engaged. You can also list the social media sites that the parent company used in the country of origin, as some may differ from the United States.
Print, TV, And Radio Advertising — Print, TV, and radio advertising offer the the company a way to explain their product or services in traditional formats.Finally, you will want to have somebody else proofread your business plan. However, while the temptation may be strong to bolster this with unrealistic growth expectations to impress the immigration officer, this strategy is often the cause of rejections and denials. It must be high quality, accurate, and complete in order for the application to be considered by USCIS officials. This information can be presented by writing short bios with positions documented via an organization chart.
While the above are certainly not all of the marketing strategies available, they are the main ones that many business implement. Any graphics that show investments of each shareholder is also a great way to show the immigration officers a clear and concise layout of ownership and structure of the company. Tip 2: Give a Summary of Your Business Because the immigration officer will encounter your business summary first, it is important to make this part water-tight. Is the U. Where do the individuals within your target group s live?
We have helped over 2, entrepreneurs and business owners, including startups, small businesses, nonprofits, and Fortune companies to launch, grow, and fund their businesses. We will work directly with your lawyer. Did a similarly qualified firm offer you a lower price? In addition, it is recommended for the foreign company to have been established for at least three years and to be able to show the financial status of the foreign company over the past three years. What are the jobs of individuals within your target group s?
The more you know about your target market the more you will convince the application reviewer that you know your business and you know how to operate within the industry. So your business plan should present your market in a way that shows how the industry as a whole is growing and how you plan to grow with it.
Focus on growing your business and we will take care of the rest. However, an online guide should not be a substitute for qualified legal counsel. Immigration Service, the L-1A Visa is subject to strenuous scrutiny, particularly for smaller businesses or new start-ups. Our team at GoBusinessPlans. Since our inception in , we have worked with hundreds of entrepreneurs, startups and small to midsize businesses across a wide variety of industries and have written over U.
We have helped over 2, entrepreneurs and business owners, including startups, small businesses, nonprofits, and Fortune companies to launch, grow, and fund their businesses. After all, moving to a new country is hard enough. What does the business do? We will work directly with your lawyer. This can include an organizational chart of the foreign company and a description of its team.