BMac29 Posted July 16, 2021 Report Share Posted July 16, 2021 Hi All, Our company is currently a 30% ESOP. It will eventually transition to 100% ESOP at some point in the future. I know that we are required to notify the USG if we are the prime of a change of control, but what about at the subcontract to prime level? Is there a requirement to notify the prime if we are a subcontractor and if so, what is the timeline for that? Link to comment Share on other sites More sharing options...
joel hoffman Posted July 16, 2021 Report Share Posted July 16, 2021 employee stock ownership plan (ESOP) Link to comment Share on other sites More sharing options...
Don Mansfield Posted July 16, 2021 Report Share Posted July 16, 2021 43 minutes ago, BMac29 said: Hi All, Our company is currently a 30% ESOP. It will eventually transition to 100% ESOP at some point in the future. I know that we are required to notify the USG if we are the prime of a change of control, but what about at the subcontract to prime level? Is there a requirement to notify the prime if we are a subcontractor and if so, what is the timeline for that? Wouldn't that be governed by the terms of your contract with the prime? Link to comment Share on other sites More sharing options...
Neil Roberts Posted July 17, 2021 Report Share Posted July 17, 2021 For example, is FAR 52.215-19 included in your contract? Link to comment Share on other sites More sharing options...
C Culham Posted July 17, 2021 Report Share Posted July 17, 2021 On 7/16/2021 at 9:31 AM, BMac29 said: but what about at the subcontract to prime level? I am not asking for additional detail which in truth would help refine further response but rather offering strong advice. Contact a legal counsel that is both familiar with ESOP's and Federal government contracting as both business structure and how it affects Federal government contracting in the scheme of things can be very complicated, especially as it relates to existing contracts that a business holds. Link to comment Share on other sites More sharing options...
Retreadfed Posted July 20, 2021 Report Share Posted July 20, 2021 BMac29, has control really changed? Are the shares controlled by the ESOT voting shares? Link to comment Share on other sites More sharing options...
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