L1B conversion to H1B - Few more questions

Hi,

I have been working on L1B in US and it is valid till Nov’15. But contract of my company is going to be end in April’15, so I will have to go back to India in April/May. I am looking at option, if I can convert myself from L1B to H1B. Obviously my company will not do H1B and they do not allow it. But for my progression, I need to do it. I heard few people from my company quit their job after conversion and picked another contract job, which gave them higher salary.

Is it a good option, considering my L1B status ?

I will need to find a employer, who can apply H1B for me. Should I consider any precaution ? I mean, if there any risk or fraud or something ?

Is it dependent on employer (contractor) who will apply H1B for me, chances/percentage of visa approval ?

Do I need to fly to India immediate after conversion, because L1B was issues by my company and I am voiding it ?

Regards