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In August, the Small Business Administration issued a proposed rule that was packed to the brim with changes to many of the SBA’s small business contracting programs. Here are a few of the clarifications:
- A non-profit entity may not be a mentor in an SBA-approved mentor-protégé agreement.
- Protégés are limited to 12 years as a protégé and one 12-year long mentor-protégé relationship equals two six-year mentor-protégé relationships, so choose your mentor wisely.
- Protégés of acquired mentors will be permitted to terminate the mentor-protégé relationship when the acquiring mentor cannot fulfill the terms of the mentor-protégé agreement.
- If a mentor ends up with two mentor-protégé joint ventures that are both awardees on the same multiple-award contract, the mentor will be required to terminate one of the relationships.
Remember: These rules are only proposed at this point. If you would like to submit comments to the SBA regarding these changes, or any others in this proposed rule, you can do so until October 7, 2024.
- Koprince McCall Pottroff LLC: SBA Proposed Rule Clarifies Mentor-Protégé Misunderstandings
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