Julia RoussinovaImmigration Attorney
It is a net loss *for accounting purposes* determined on the basis of GAAP (generally accepted accounting principles) during the 12 or 24-month period prior to the priority date on an EB-5 investor''s I-526 petition (Form I-526) and the loss for such period is at least 20% of the troubled business'' net worth prior to such loss. Net loss is an amount by which the total of costs and expenses exceeds the total revenue in an accounting period. If a company is larger is in size, it will most likely be involved in multiple activities other than just a single one. In this case, a loss is an excess of expenses over revenues either for main business activities or the sum of all transactions for operating or nonoperating activities for an accounting period. You should consult a licensed CPA to discuss this in more detail and provide an opinion to your immigration attorney.