Building a stable and viable industrial supply base for the economy Joint Venture Rule Changes Introduced in 2020.Qualify for extra credit for small business sub-contracting plan performance Government.Small business set-aside contract incumbency continuation.Create opportunities for investment and future M&A.Develop and increase supply chain through small business sub-contractors.Enhance the value of the company Mentors.Foster business capabilities and growth.Obtain technical and developmental assistance.There are several potential benefits for all parties involved: Protégés Benefits of a Mentor-Protégé Joint Venture The SBA has the power to terminate the agreement for noncompliance. Mentors are required to provide meaningful assistance and annually certify that it continues to be in a favorable financial position. Protégés must submit annual reports and demonstrate the benefits of the partnership. There are several ongoing reporting requirements to consider as well. The MPA may be approved for three years and may be extended for an additional three years. Once the MPA is approved, the two companies may create a joint venture. A protégé firm is limited to two mentors over the course of its lifetime. A protégé may have only one mentor at a time, though the SBA may approve a second mentor in some cases. Mentors are limited to no more than three protégés at a time.
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