What impact would a corporate structure change (i.e., from C-Corp to S-Corp) have on a company's existing federal contracts? Also, what are the requirements or responsibilities of the contractor to the governmet should such a change occur?
A good question to ask the attorney assisting you in changing from a C-corp to an S-corp is - does this result in a change in the legal identity as reflected by the contractor name appearing on the face of your federal contract? If the answer your attorney gives you to that question is yes, then we refer you, and/or your attorney, to FAR Subpart 42.12 - Novation and Change-of-Name Agreements (http://www.acquisition.gov/far/html/Subpart 42_12.html). There you will see a reference to an administrative contracting officer (ACO), whose office should appear in your federal contracts
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