L1 to H1B COS + H1B transfer( Very Urgent)

[sriduniv]

Hi All,

I have a situation here that I am trying to understand and I need to immediately address it.

Situation

-I am on L1B from Company A ( Still working)

-Company B did H1B COS last year (2011 Oct) - Since I could not quit my current job immediately, company B, said when you are ready, we can get it transferred and will not interfere with my current L1 at present.

- Now, its about time I change but Company B is not able to find projects in the location I want

-Company C has projects in the location I want and have offered me a job and company B has no issues transferring the H1B

Question

-Should the H1B be active with company B for us to transfer it to company C and if so for how long? what is the procedure?

- What is the easiest way to get this H1B transferred to company C?

- If H1B transfer is not possible, I was told we could piggy back on the existing H1B approval and get another application in, which saves a lot of time and also allows us to start working immediately? Is that accurate?

Any Help would be most appreciated......