When an acquisition involves an entity that currently claims (or even previously claimed) small business size and/or status, there are additional factors that must be considered. We will address the impact that small business status can have on diligence; the types of representations, certifications, warranties, covenants, etc. that you might expect to see used; implications for a small business target if, post-acquisition, the entity will no longer be able to claim small business size and/or status; and common post-close activities required of a small business that, post-acquisition, can no longer claim small business size and/or status.