LLCs
There is an ongoing discussion about LANS, LLC and other LLCs for national labs.
Here is a short version of my understanding.
LLCs, limited liability corporations, are created by large companies to cover an individual project. LLCs are often formed by multiple companies for one project. There are multiple reasons to form an LLC as opposed to a sole proprietorship or a C corporation.
Most of these reasons have to do with protecting the parent company and its assets if the project for which the LLC was formed does not go so well. LLCs make lots of sense to the parent company if the project has substantial risks and liabilities that the parent company should not assume. Another way of stating this is that a large parent company should only take on certain projects under the protection of an LLC.
posted by Eric at
9:57 AM
1 Comments:
Note that LANS, LLC was incorporated in the State of Delaware as a "small business" in early 2006.
The ability of the general public to research this on-line was cut off shortly after publication of this fact when the State of Delaware in short manner began to charge fees for searching its extensive business incorporation databases. I saw this in the Delaware database, but was not smart enough to copy the web pages before Delaware cut off access to same.
Incorporation as a "small business" lends advantage in the federal procurement system by requirements to favor small and disadvantaged businesses in federal contracting and acquisition activities. Ask LANS's Executive Director Rich Marquez about this as he was high in the food-chain at DOE-Alb.
The federally favored "small business" status of LANS, LLC expires after five years, so watch what happens at LANS in early 2011.
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