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.
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SmallGovCon Week in Review: February 3-7, 2025
Happy Friday! Are you all ready for the Super Bowl this Sunday? Maybe it can be a time of unity amidst uncertainty. Enjoy your favorite snacks and cheer on the commercials (I mean the Chiefs!). Have fun watching the game and have a wonderful weekend!
And now for this weeks news in federal government contracting. Stories included the role of DOGE, revamping federal agencies, and the new administration’s actions.
Continue readingSmallGovCon Week in Review: January 27-31, 2025
It’s Friday and time for another week in review, on this last day of January. We are so excited that our Kansas City Chiefs will be playing, once again, in the Super Bowl. We’re looking forward to the championship game against an impressive Philadelphia Eagles team, and a chance for the Chiefs to become the first team in NFL history to win three in a row. It should be a fun game.
And now we turn from football to this week in federal government contracting news, there is news of many executive orders, fundings freezes, and turnover of inspector generals. And when we say orders, freezes, and turnovers, we’re not talking about getting the snacks ready for next Sunday.
Continue readingWebinar 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 20-24, 2025
Happy Friday, Readers! We hope you had a great week and are ready for the weekend. We are looking forward to our weather finally warming up and melting off some of this snow in the next few days. The respite from the very cold temperatures will be a nice change. Have a good weekend in your neck of the woods!
This week in federal government contracting…
Continue readingSmallGovCon 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 16-20, 2024
Hello, blog readers! Well, everyone is on pins and needles to see if the federal government will face a shut down. As you may have heard, the House rejected the proposed government funding, so now we wait to see if the third proposal will be agreed upon today to keep things going. Stay tuned! In other news, our office is very excited about the Bluey movie–can’t wait for 2027!
And now, more on that and other news from the federal government, including cybersecurity updates, AI, and updates to subcontracting rules.
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