If the Regional Center is an LLC, does it mean it has shareholders? What would it need to do to change its manager/agent? Would it require the approval of the shareholders?
Answers
Lynne Feldman
Find the Best EB5 Visa LawyersDepends on the terms of the formation documents. It should not affect your immigration status but would need to review project documents to answer the question.
Bernard P Wolfsdorf
Find the Best EB5 Visa LawyersThe LLC or limited liability company has members, not shareholders, but the concept is similar and to change its manager they would have to act or vote in accordance with the Operating Agreement. The USCIS has also to be notified and this may need to be reported with a formal filing.
Belma Demirovic Chinchoy
Find the Best EB5 Visa LawyersAn LLC has members who hold interest in the company similar to shareholders. It can be one or more persons or companies, again, similar to shareholders. The LLC operating agreement should specify the process for changing the managing member.
Daniel B Lundy
Find the Best EB5 Visa LawyersA change in ownership, management or control of a regional center requires the filing of an I-924 amendment with $17,795 filing fee.
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