I-941 Instructions Table of Changes

I941-009-INS-TOC-IEPFinalRule-08032021 (2).docx

Application for Significant Public Benefit Entrepreneur and Instructions for Data Reporting Supplement

I-941 Instructions Table of Changes

OMB: 1615-0136

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TABLE OF CHANGES – INSTRUCTIONS

Form I-941, Application for Entrepreneur Parole

OMB Number: 1615-0136

08/03/2021


Reason for Revision:

Project Phase:


Legend for Proposed Text:

  • Black font = Current text

  • Red font = Changes


Expires 04/30/2022

Edition Date 04/24/2019



Current Page Number and Section

Current Text

Proposed Text

Pages 5-9,

Evidence for Initial Entrepreneur Parole

[Page 5]



(1) The start-up entity has received a qualified investment, within 18 months immediately preceding the filing of your Form I-941, of at least $250,000 from one or more qualified investors;


(2) The start-up entity has received, within 18 months immediately preceding the filing of your Form I-941, an amount of $100,000 or more through one or more qualified government awards or grants; or



(1) Received a substantial level of investment (although less than $250,000), or


(2) Received a substantial level of government funding (although less than $100,000).


[Page 6]



(1) The individual or organization made investments in start-up entities in exchange for equity or convertible debt or other security convertible into equity commonly used in financing transactions within their respective industries comprising a total in such 5-year period of no less than $600,000; and


(2) Subsequent to such investment by such individual or organization, at least 2 such entities each created at least 5 qualified jobs or generated at least $500,000 in revenue with average annualized revenue growth of at least 20%.


[Page 8]



(1) Made investments in other U.S. business entities in exchange for equity or convertible debt or other security convertible into equity commonly used in financing transactions within their respective industries comprising a total in such 5-year period of no less than $600,000; and


(2) Subsequent to such investment by such individual or organization, at least 2 such entities each created at least 5 qualified jobs or generated at least $500,000 in revenue with average annualized revenue growth of at least 20%.


[Page 10]



A. Received at least $500,000 in qualifying investments, qualified government grants or awards, or a combination of such funding, during the initial parole period;


B. Created at least 5 qualified jobs with the start-up entity during the initial parole period; or


C. Reached at least $500,000 in annual revenue in the United States and averaged 20% in annual revenue growth during the initial parole period.



[Page 5]



(1) The start-up entity has received a qualified investment, within 18 months immediately preceding the filing of your Form I-941, of at least $264,147 from one or more qualified investors;


(2) The start-up entity has received, within 18 months immediately preceding the filing of your Form I-941, an amount of $105,659 or more through one or more qualified government awards or grants; or



(1) Received a substantial level of investment (although less than $264,147), or


(2) Received a substantial level of government funding (although less than $105,659).


[Page 6]



(1) The individual or organization made investments in start-up entities in exchange for equity or convertible debt or other security convertible into equity commonly used in financing transactions within their respective industries comprising a total in such 5-year period of no less than $633,952; and


(2) Subsequent to such investment by such individual or organization, at least 2 such entities each created at least 5 qualified jobs or generated at least $528,293 in revenue with average annualized revenue growth of at least 20%.


[Page 8]



(1) Made investments in other U.S. business entities in exchange for equity or convertible debt or other security convertible into equity commonly used in financing transactions within their respective industries comprising a total in such 5-year period of no less than $633,952; and


(2) Subsequent to such investment by such individual or organization, at least 2 such entities each created at least 5 qualified jobs or generated at least $528,293 in revenue with average annualized revenue growth of at least 20%.


[Page 10]



A. Received at least $528,293 in qualifying investments, qualified government grants or awards, or a combination of such funding, during the initial parole period;


B. Created at least 5 qualified jobs with the start-up entity during the initial parole period; or


C. Reached at least $528,293 in annual revenue in the United States and averaged 20% in annual revenue growth during the initial parole period.




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