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You would also have to give your Vietnam era uncle at least 51% ownership of the company you can't just appoint him to a position of management in name only. I
by pmorici 11y ago
You would also have to give your Vietnam era uncle at least 51% ownership of the company you can't just appoint him to a position of management in name only. I'm not saying this provision of law has never been abused but it isn't the outright farce you are portraying it as. I also wouldn't call the contract awarded under this provision special handouts. federal regulations does give these companies preferred treatment though that can streamline a lot of read tape.
- GFischer 11y agoIn Spanish this kind of thing is so common it has its own word: "testaferro" (would loosely translate as frontman or figurehead, but it has a lot more connotations) https://es.wikipedia.org/wiki/Testaferro https://es.wikipedia.org/wiki/Testaferro They can own 100% of the company, they're usually controlled or trusted in some other way.