I am seeking capital to purchase a successful business whose owner is retiring and looking for a buyer. The asking price is $5 million and the business cash flows are about $1.3 million annually. There is lots of room for growth and nationwide expansion. I can finance a large portion but would like to bring in an investor for the remainder. How could this situation qualify as a direct EB-5 investment?
Answers
Julia Roussinova
Find the Best EB5 Visa LawyersEB-5 investment into an existing business must be carefully planned for to ensure all requirements are met, such as investment in troubled business or the 40 percent expansion rule. Consult an experienced EB-5 immigration attorney to discuss.
A Olusanjo Omoniyi
Find the Best EB5 Visa LawyersYes, it can be done. Advisably, you need to work with an EB-5 attorney who can help assemble essential professionals in putting together a business plan to ensure your idea meets the requirements for EB-5.
Bernard P Wolfsdorf
Find the Best EB5 Visa LawyersIt is very difficult to use EB-5 funds to buy an existing business. The government wants to see new jobs created, so unless this is a troubled business or there will be at least 10 new jobs created and the 40 percent rule satisfied, this will not work. The 40 percent increase is either in the net worth or in the number of employees, so that the new net worth, or number of employees, amounts to at least 140 percent of the pre-expansion net worth or number of employees.
Daniel A Zeft
Find the Best EB5 Visa LawyersIt is problematic to use the acquisition of an existing business as a vehicle for an EB-5 investment.
BoBi Ahn
Find the Best EB5 Visa LawyersYes, this could qualify as an EB-5 investment as long as the investor can show the requisite minimum capital investment ($500,000 if the business is located in a targeted employment area, or $1 million if not), creation of at least 10 full-time jobs, lawful source of funds, etc.
Charles Foster
Find the Best EB5 Visa LawyersYes, an EB-5 investor could invest the minimum required investment of $1 million or, if located in a targeted employment area (TEA), at least $500,000 or more depending upon the investor's desire to invest more capital provided that as a result of the acquisition, one can establish that at least 10 new jobs were created for U.S. workers. Based upon the amount of the investment, your investor would normally acquire a limited partnership interest in the entity acquiring the business in question.
Salvatore Picataggio
Find the Best EB5 Visa LawyersWith the right setup and the creation of 10 new jobs it's possible. Contact an immigration attorney!
Belma Demirovic Chinchoy
Find the Best EB5 Visa LawyersYes, especially as it pertains to expansion. It needs to be planned for carefully.
Lynne Feldman
Find the Best EB5 Visa LawyersIt should work fine if you can show the creation of 10 jobs per EB-5 investor.
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