Need Help: H1B to Greencard (timing)

[Vos16]

My second term H1B ends October 2006 and I (and my employer) want to start the Greencard process.

I have heard that:
1. I have to start the Greencard process 1 year before the end of the second H1B term?;
2. That the term starts at the first entry under the first term of H1B, not at the issue date?
3. that it is possible to get an extension for 1 more year under H1B?

Could anybody confirm or deny the above or provide extra advice?

Thanks

Frank

[Icarus9]

Frank:

Pursuant to AC 21 American Competiveness in the Workplace Act of the 21st Century you can get 1 year extensions of your H1-B if you have a labor certification that has been pending for at least 365 days. Thus, this is why many people do this...indefinite 1 year extensions. Should you have any additional questions, feel free to contact me at [email protected].

Amol