Standard Forms 24, 25, 25A, 34 and 35: Limited Liability Company – 07/11/2014

Thank you for your letter of June 8, 2014 in which you respond to inquiries posed by Representative Michelle Lujan Grisham in correspondence dated June 3, 2014 and by me in correspondence dated August 21, 2012. The National Association of Surety Bond Producers (NASBP) appreciates your willingness to bring the matter of permitting identification of “limited liability company” in standard forms to the attention of the FAR Council for its review and consideration. Limited liability companies increasingly are desired entities for construction companies, so recognition of limited liability companies as a type of organization in the Federal Acquisition Regulation (FAR) is warranted. Such recognition in the FAR will ameliorate the current confusion by businesses formed as limited liability companies on what form of organization to identify on standard forms.

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