It is a fairly standard business practice to divide profits according to ownership ratio. And a joint venture made up of only small business venturers only pursuing small business set-asides can follow this business practice—or any business practice—to divide up its profits (limited only by any applicable state, local, or Tribal law). But SBA does have specific and strict requirements for allocating the profits of any joint venture (1) between a small business protégé and its SBA-approved large business mentor, and (2) that qualifies for and pursues socioeconomic set-asides (i.e., 8(a) Program, WOSB/EDWOSB, HUBZone, VOSB/SDVOSB) and includes non-similarly situated entities.
Continue readingTag Archives: Federal government contracting
Webinar Event! 21 Mistakes in Government Contracting, February 21, 2025, 11:00am-12:00pm CST
Federal contracting rules and laws are complicated, and the rules aren’t always intuitive. Many contractors make legal mistakes routinely, involving everything from completing SAM profiles to calculating small business size to communicating with government contracting officers. Federal government contracts attorneys, Shane McCall & Annie Birney of Koprince McCall Pottroff, will discuss the top 21 most common legal mistakes that contractors make time and time again. You will learn what these common mistakes are and how to avoid them. Please join us for this free webinar hosted by the Oklahoma APEX Accelerators. Register here.
Webinar Event! Top 21 Legal Mistakes in Federal Government Contracting, February 13, 2025, 1:00pm-2:30pm CST
Federal contracting rules and laws are complicated, and the rules aren’t always intuitive. Many contractors make legal mistakes routinely, involving everything from completing SAM profiles to calculating small business size to communicating with government contracting officers. Federal government contracts attorneys, Nicole Pottroff & Annie Birney of Koprince McCall Pottroff, will discuss the top 21 most common legal mistakes that contractors make time and time again. You will learn what these common mistakes are and how to avoid them. Please join us for this free webinar hosted by the Alaska APEX Accelerators. Register here.
SmallGovCon Week in Review: January 6-10, 2025
It’s Friday and time for another week in review! We hope you have had a great week and are safe from the extreme weather conditions the country seems to be experiencing right now. We are still digging out from the blizzard sent our way by the polar vortex. We also hope that our readers in California are safe and well. Our thoughts go out to all of you that are dealing with those devastating wildfires.
This week in federal government contracting news had some interesting stories including withdrawals of federal regulations on contractor greenhouse gas emissions and pay equity, as well as opportunities for federal contractors in 2025.
Continue readingSmallGovCon Week in Review: December 30-January 3, 2025
Happy Friday and Happy New Year to all of our SmallGovCon readers! We hope you all had a wonderful holiday season and are looking forward to 2025. As we look forward to the new year and close out the old, there are sure to be lots of developments in the federal contracting space. So, as you batten down the hatches for the polar vortex, it’s time for a nice, warm fire, maybe some hot cocoa and the latest in federal contracting news.
Stories included a new law on custom software, and rules on small business representation and debarments.
Continue readingA Glitch In Time? GAO Denies Late Proposal Protest for Lack of Systemic Outages with Agency System
Both GAO and the federal agencies take proposal deadlines with the utmost seriousness. We have discussed a few other examples of late proposals being denied by GAO before. Now, we have another one. This time, the protester put forth the argument that its lateness was not its fault. Rather, it was caused by issues with the agency’s proposal receipt system. Unfortunately for the protester, GAO did not accept this argument. Here, we will go into how it arrived at that decision.
Continue readingHappy Holidays to All, Big and Small, from SmallGovCon!
Happy Holidays from all of us at SmallGovCon. Throughout the year, we’ve enjoyed bringing you the best updates and analysis out there for small business federal contractors and their partners. We wish all of you a great end to 2024 and have a great holiday season!