There is a substantial change for 8(a) Program Participants in the NDAA that was recently approved by Congress. The House and Senate have agreed to extend the term of 8(a) Participants from 9 years to 10 years for any company that was admitted to 8(a) Program by September 9 of this year. This will be a major benefit to 8(a) companies, assuming the President signs the NDAA.
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Mentor-Protégé Consolidation Goes Live: What Does this Mean for You?
The 8(a) Business Development Mentor-Protégé Program has officially been consolidated into the All-Small Mentor-Protégé Program. The goal: to eliminate duplications in regulations and to alleviate confusion between the two programs.
This change has been years in the making. Since the All-Small Mentor-Protégé Program was introduced in 2016, confusion between the two programs has persisted. SBA began looking at how to streamline the programs. We first wrote about the proposed rule changes back in November 2019.
SBA has now implemented its overhaul and consolidation through a final rule; follow along as we take you through what you need to know about the new rules.
Continue readingSBA Proposes Increasing Size Standards in Professional, Management, and Administrative Industries
SBA’s recent proposed rule will increase size standards for a number of industries. The rule also said that SBA was thinking about lowering size standards. While most often, size standards increase over time, SBA can also lower them. However, SBA decided against lowering them. Read on for what standards will change.
Continue readingSBA Eases Lifetime Limit on Mentors
The SBA has long had a lifetime limit of two mentors for each protégé–and this limit was enforced very strictly. Say the mentor ghosted the protégé, or the two just never did any contracts together. Well, too bad, that still used up one of the two lifetime mentors that a protégé could have.
They say there are no second chances, but the SBA’s new rule will allow for second chances on a mentor protégé arrangement in some circumstances, which should benefit protégés going forward.
Continue readingSBA Confirms Mentor can Own 40% of Protégé and Get 60% of Joint Venture Workshare
The SBA’s recent final rule on Mentor-Protégé Program consolidation included a number of important updates and clarifications. Among these was an explanation of the rules involving a mentor owning part of a protégé while also being part of a joint venture with the same protégé. It’s something I’ve always wanted SBA to confirm, so I’m glad they did.
Continue readingSBA Rule Tamps Down Joint Venture Unequivocal Control Requirement
The SBA’s new rule on Consolidation of Mentor-Protégé Programs contained a lot of updates. One of those concerned the level of control that a lead joint venture member has to have over a joint venture.
In particular, SBA now says that the lead venturer doesn’t have to have unequivocal control as the Office of Hearings and Appeals had suggested in the past. The other joint venture partners can have some say in the joint venture, but how much?
Continue readingSBA Clarifies How to Calculate Joint Venture Receipts for Small Business Size Purposes
In many industries, small business status under SBA’s government contracting rules depends on a company’s average annual receipts. But if a company is a member of a joint venture, it can be confusing figuring out which joint venture receipts count toward the company’s small business size.
Fortunately, in its recent new rule, SBA has provided two important clarifications. Let’s take a look.
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