Law360 (November 8, 2019, 9:48 PM EST) -- The Small Business Administration proposed Friday to merge its two mentor-protege programs, a move aimed at ending “needless confusion” among potential participants, while also tweaking a number of rules applicable to the joint ventures formed under those programs.
Under the proposed rule published in the Federal Register, the SBA will roll its 8(a) mentor-protege program into its all small mentor-protege program. The 8(a) program is for small businesses owned by the socially or economically disadvantaged, while the all small program is open to any small business.
As well as allowing companies to share knowledge, those mentor-protege programs also allow small businesses...
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