Can a business that has DC, MD and VA offices be structured to meet the updated DC CBE requirements (w/o an owner living in DC)?
My business partner and I are considering buying a company that has a DC CBE-SBE status. The current owner lives in DC, which is one way to meet the updated CBE requirements. We live in MD and don't plan on moving to DC. If we purchase this business, we would like to re-structure the business to break-out DC from MD & VA so that the new DC entity could meet the DC assets AND sales CBE requirement. We need to know if this is feasible and how it could be done before we do any more due diligence. Thank you for your advice.
