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STONEWALL · E-2 FIELD GUIDE

Is the purchase price the whole E-2 budget?

Sources checked:

THE DIRECT ANSWER

No. Separate actual business costs, professional due diligence, immigration preparation and current official charges.

Trace categories of spending

Not every expense automatically counts as qualifying investment. Ask what each payment establishes and keep personal relocation spending separate from enterprise capital evidence.

Business expenditure actually made or irrevocably committed for the enterprise — equipment, inventory, leasehold work, licensing, initial payroll — is assessed on its own facts. A loan secured by the trucks and receivables of the business being purchased does not, because the risk falls on the business rather than the investor, and consular guidance excludes such indebtedness from the investment total. On the transaction side there are legal fees for the purchase agreement and escrow, a broker's commission if one is involved, due diligence on the car wash's equipment and environmental compliance, and formation of the U.S. entity that will own it. Use a purchase valuation, startup budget, invoices, lease, equipment schedule, capitalization plan, forecast assumptions, and records showing what has already been committed. Substantiality is weighed against the cost of this particular enterprise, so a business needing inventory and service capacity is measured against that need and not against a figure borrowed from an unrelated case.