Blog Bite: What are the consequences of the SBA's proposed rules establishing a government-wife mentor-protege program for small businesses?

This article posted on our partner site Mondaq.com discusses how the SBA issued proposed rules that would establish a government-wide mentor-protege program for all small business types.

These proposed rules include:

  • an exception to not be considered affiliates on the basis of the approved mentor-protege joint venture;
  • restricting whether a joint venture may be populated or not;
  • joint ventures being required to submit an annual report to ensure compliance with the SBA regulations and joint venture agreements; and
  • the SBA wanting to track awards to joint ventures.

This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!


Written by Alina.