I got L1 extension last week and it is extended till 06-Jan-2014. My company also applied for L to H conversion this year and the application is in processing. I got the information that if my H1 gets approved, it will be on the same L1-B I-94 with change of status effective Oct-2012, but , I would like to continue in L1, so that my spouse can work in L2 with EAD, also I don't want to loose H1 Visa. To achieve this, can the below scenario workout , without affecting my approved H1 Visa in hand?
Scenario :
Before getting the H1 approval, I go back to India get L1 Visa stamped with the approved L1 extension. So, when I come back to US before H1 approval, I will be having L1 Visa and the I-94 will be with L1 status.
After coming back to US, I assume my H1 B Visa will be consulate processing, since the Old I-94 is invalid? In this case, I will be having H1 approved with consulate processing. and I work in US in L1 Visa , till I go back to India, correct or am I sound crazy?
Scenario :
Before getting the H1 approval, I go back to India get L1 Visa stamped with the approved L1 extension. So, when I come back to US before H1 approval, I will be having L1 Visa and the I-94 will be with L1 status.
After coming back to US, I assume my H1 B Visa will be consulate processing, since the Old I-94 is invalid? In this case, I will be having H1 approved with consulate processing. and I work in US in L1 Visa , till I go back to India, correct or am I sound crazy?

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