H1b to H4- EAD status

[penny]

Planning to transfer my H1b to H4- EAD status. Here are the few queries  covering from basic:

Greatly appreciated if we have  few suggestions.

 

1. My husband is on H1 B from 2012 and has approved I-140. Are we eligible  for the new h4-EAD rule? Should my husband employer only apply H4 - EAD?

 

2.How does H4-EAD work, Will I be able to work on any company's payroll as W2 or only my husband's employer W2?

 

3. After the H4 approval notice, should the H4-EAd be applied or can it be done simultaneously.

 

4. How long would the process take?

 

5.When the transfer H1- H4 is initiated, should I be still working on h1?

 

6.Will I be in  valid status in USA if I stop working  after initiating the transfer ?

 

7. Is USCIS accepting applications only on May 26th  or there is no such deadline like the H1b (April 1)

 

[jairichi]

1. Yes, eligible. It is not mandatory for an employer to file. You can file too.

2. Any job and any company.

3. You can apply together.

4. 3 to 4 months.

5. Not necessary.

6. Yes.

7. Anytime from May 26th.

[rahul412]

1.You can do it

2. Any employer

3.can be done simultaneously

4.check USCIS website

5. Yes, but stop working once your H4 is approved

6.Yes

7. Starts from May 26th

[penny]

Thank you for taking time and replying. Appreciate your response.