What happens when there is a change in ownership at an already certified business with awarded federal contracts?
This presentation will use a case study approach to highlight what to watch for when both anticipated and unanticipated events lead to a change in ownership and potential loss of valuable federal contracts.
Examples will include: What happens to existing awards when the veteran owner of a certified VOSB passes away? If a WOSB wants to sell its business to a competitor, does the buyer also have to be a WOSB? What items can be put in the company’s organizing documents or the owners’ estate plan to deal with change in control issues before they arise?
Change is inevitable in the life cycle of a business, but advanced planning can help to maximize the value of a company when a change in circumstances occurs and its business includes federal contracts that may be on the line.
Target Audience: Small business owners with 8a/WOSB/VOSB set-aside contracts