![]() 125.8, but the separate joint venture regulations for the for 8(a), SDVOSB/VOSB, HUBZone and EDWOSB/WOSB programs. The November 2020 regulations also made some other changes, not only to the small business joint venture regulations under 13 C.F.R. ![]() As of the date of this post, these changes are not included in the SBA’s template. 125.8, I believe that two of these changes–to the mandatory JV requirements governing bank accounts and recordkeeping, respectively–are substantive changes sufficiently at odds with the “old,” pre-November regulations such that a joint venture agreement will be non-compliant unless it includes these updates. For mentor-protégé joint ventures attempting to comply with the regulations under 13 C.F.R. ![]() If you’ve been following my posts on SmallGovCon (and I hope you have!), you’ll recall that I have recently written about substantive changes the SBA made to the joint venture regulations in November 2020. If you’re planning to use the SBA’s joint venture template, read this first. If you’re setting up your first joint venture under the SBA’s rules, you may be tempted to download the SBA’s template joint venture agreement and use it as-is.īut, as of the date of this post, the SBA’s template joint venture agreement is outdated–and it also has some other quirks and potential problems you should know about.
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