Company finances-ability to pay question?


sushruta

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Posted

I have a question about I-140 application. If the employer has one or 1.5 year of relatively poor finances but has plenty of reserve from preceding years, is it still possible to get I-140 approved? The wages are being paid as usual and there was also a salary raise after the priority date on the labor certification- although current wages are 4% lower than the prevailing wage on the PERM. Under such a condition, what are the additional supporting documents that can show the ability to pay? Has anyone been in such a situation and what documents did you use for the same?

Posted

If the current wages are below the prevailing wage, that's a big red flag.

The PD could become current all of a sudden (happened back in 2007), and then there would have to be a big raise. Can the company afford that? If so, why don't they give the person the raise right now?

Posted

Thanks for the response. It is my understanding that 4% is not that much of a difference? Do you think differently? Also, do you have any suggestions for documents other than tax returns that can show reserve finances?

 

Thanks!

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