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PERM Definition: "Closely Held Corporation"

By Joel Stewart

The instructions to Form 9089 state that "Closely Held Corporations are corporations that have relatively few shareholdersrs and whose shares are not generally traded in the securities market." The question that appears on Form 9089 is whether the employer is a closely held corporation, partnership or sole proprietorship in which the alien has an ownership interest.The Employer is required to respond 'Yes" or "No." A "Yes" answer raises the inference (or presumption) that the Employer may not have a bona fide job offer for a U.S. worker but prefers to place an insider in the position. The DOL will certainly...

Full post as published by Joel Stewart's Blog on August 31, 2009 (boomark / email).