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Showing posts with the label joint venture compliance

Verify Your Joint Venture Agreements Because a Problematic Under-the-Radar SBA Change

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 A little-noticed change to the SBA's joint venture standards may require joint ventures operating under the SBA's All Small Mentor-Protege Program to modify their joint venture agreements. Two of the prerequisites for mentor-protege joint ventures attempting to get small company set-aside contracts were modified by the SBA in its most recent final rule, which became effective on November 16. A WOSB joint venture agreement that complies with the small business set-aside requirements may not be legal if the joint venture seeks 8(a), SDVOSB/VOSB, HUBZone, or WOSB/EDWOSB contracts since SBA did not make appropriate revisions to the joint venture standards for SBA's four key socioeconomic programs (and vice versa). A mentor and protege can create joint ventures under the All Small Mentor-Protege Program to seek any opportunity for which the protege is eligible based on size and socioeconomic status. The mentor and protege must sign a WOSB joint venture agreement that includes s

Want To Start a WOSB Joint Venture? Then Fulfill All The Necessary Requirements

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 Women-owned small businesses are growing gradually in the federal market of the United States. It is because they are getting enough support from the WOSB program which is developed by the U.S. government. The main goal of the government is to help WOSBs to thrive in the federal market by getting recognized. That is why the government has developed programs and provides other benefits to the businesses that fall under the category of the WOSB. However, in order to get support from the government, businesswomen need to make their companies fulfill all the requirements and must meet all the eligibility criteria before obtaining the required certifications. Due to all these support and government contracting opportunities, WOSBs can obtain federal contracts easily with fewer complications. If you are a female citizen of the United States and you own a small business then you should consider obtaining Women-owned business certifications. The government has set several categories where bus