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Q: how to buy a business as a J1 visa holder ( No Answer,   1 Comment )
Question  
Subject: how to buy a business as a J1 visa holder
Category: Business and Money > Small Businesses
Asked by: ttaller-ga
List Price: $20.00
Posted: 08 Sep 2005 14:52 PDT
Expires: 08 Oct 2005 14:52 PDT
Question ID: 565812
i am a J1 visa holder. i am an exchange visitor with a university in
the united states. i would like to buy a janitorial business in oregon state as a
sole proprietor.  would it be legal to do so?  how may i go about
buying this business?
Answer  
There is no answer at this time.

Comments  
Subject: Re: how to buy a business as a J1 visa holder
From: techsoeasy-ga on 11 Oct 2005 02:34 PDT
 
ttaller,

I'm sorry to say that as far as I know, this would not only be
illegal, but would be problematic should you not be granted a waiver
to extend your J1 visa.

I was an executive with a J1 program sponsor organization for about
five years, so I have a fairly good understanding of the program.  J1
visas are designated for "exchange" purposes and are regulated by the
J1 Exchange program.  The exact regulations are here: 
http://exchanges.state.gov/education/jexchanges/about/regulations.htm
(://www.google.com/search?q=j1+exchange+regulations)

Basically, as a sole proprietor of a janitorial business you are
really working as an independent contractor in a field which is most
certainly not designated as one which foreign exchange visitors are
needed.  Any work you undertake during your stay in the United States
must be coordinated through your J1 Sponsor.  Therefore, owning a
business yourself seems to be beyond the scope of this relationship.

Without regard to the legality, a bit of business advice:  If you were
truly interested in buying a business, it wouldn't make sense to buy a
janitorial company unless there were significant service contracts in
place which provided for an instantaneous, and somewhat guaranteed
revenue stream.  Otherwise, in that field, one would be better off
just working hard to find new clients and competing against any
established company to prove you are better.  In the long run (and
even the short run) this will be much more cost effective.  Janitorial
service providers (unless they are VERY LARGE) do not require much in
the way of start-up costs... so you need to ask what you would be
buying.

Good Luck!

TechSoEasy

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