Quote:
Originally Posted by L-Pink
Fletch, if you are a white male may I suggest you form an LLC that has a female (your wife) as majority owner.
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Amen, Fletch. I would get this done immediately. In many instances, the Government will 'sole source' a contract without a competitive award if the minority owner can just show that they can perform the requirements of the scope (in this instance, your wife being a female company owner). I saw this happen all to often in Iraq, especially with large prime contracts that were awarded to Native American-owned firms.
Also, you should familiarize yourself with FAR and DFAR. They will be the 'terms and conditions' governing your relationship with the Government (if you are working on Federal contracts).
Hey, good luck with it! Keep your business straight and you may be moving towards a new, extremely profitable life!
