L1B to H4 COS to stay for couple of months more


bp_ind

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Hello,

 

I am in L1B since Aug 2012 and my i-94 is expiring in the 1st week of August. My project is ending and my company wants me to come back. 
 
My spouse is on H1B, valid till Oct 2017. I want to continue to stay in US for couple more months (August and September). What options do i have? 
 
Can I apply for a COS from L1B to H4 before my I94 expires?
 
If I apply for a COS in mid July, it will take atleast 3 months. can i continue to stay until September with approval pending?
 
After I apply for COS, can i still continue to work on L1B until 1st week of August (until I94 expires)?
 
What happens to the COS case if I go back to my home country while approval is still pending? Will that affect any future visa approvals?
 
Any information on this is appreciated.
 
Thanks
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