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Is Your LLC's Operating Agreement Protecting You

Posted by Joseph Whitcomb on Dec 3, 2016 4:23:54 PM

Unanimous Consent Language and Other Requirements

In the past two years, several applicants for inclusion in the VIP database have received denial letters from the CVE, because of wording in their operating agreement.  The most common reason for denial is language requiring unanimous consent to amend the agreement itself or to add members to the LLC.  The VA’s OSDBU posts its official position on operating agreements here. [button link="http://www.va.gov/osdbu/verification/assistance/briefoperatingagreements.asp" bg_color="#2525f5" window="yes"]Operating Agreements[/button]

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Topics: Government Procurement, sdvosb, government contracts attorney, Government Contracts Law Firm, operating agreements

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