Cleared Contractor Organizations
Business Organization Requirements A defense contractor should be legitimate business entity, have good reputation and practice ethical business practices. The company should prove that they are structured and a legal entity under the laws of the United States, the District of Columbia or Puerto Rico and have a physical location in the United States or territories. Such proof includes Articles of Incorporation, Stock Records, Minutes of Board Meetings, and Corporate by-laws. Legal entities include one or more of the following business structures: Sole Proprietorship A Sole Proprietorship is a business owned by one individual. The owner is in control of all equipment, supplies and assets of the business. As a result, they receive all the money earned. They control all decisions and are ultimately the one entity who can commit the business to decisions. The upside is that the owner receives all the benefits and earnings and has full control. The down side to a sole proprietorshi...