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Tips for Preparing Your Small Business for Sale
If you are planning to sell your small business in the near future, there are a few basic steps you can take to prepare your company for the sale process and which will help save time and headaches down the …
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Settlement Strategy: What Can Companies Learn From Target’s $4.6 Million Verdict?
Earlier this month, a jury in South Carolina awarded a Target shopper $4.6 million after she was stuck with a hypodermic needle in a Target parking lot. Prior to trial, Target rejected the plaintiff’s proposal to settle the case for …
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The Impact of Kingdomware on Task Order Set-Asides
By now, most lawyers and individuals active in the Veteran Owned Small Business (VOSB) and Service Disabled (SDVOSB) community are aware of the U.S. Supreme Court’s recent decision in Kingdomware Techs. Inc., v. United States, 136 S.Ct. 1969 (June …
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Real World Business Contracts – Key “Do’s & Don’ts”
An exciting moment for any entrepreneur is reaching an agreement with regard to providing deliverables or services to a customer or receiving same from a vendor. You have had discussions with your counterpart and exchanged a few emails to reach …
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The Small Business Administration’s New Recertification Rule
A small business concern that certified as small at the time it submitted its initial proposal, including price, is considered small for the life of a set-aside contract even if the concern subsequently grows to be “other than small.” This …
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Small Business Mentor-Protégé Program
On July 25, 2016, the U.S. Small Business Administration published its long-awaited final rule implementing a Small Business Mentor-Protégé Program. This program is in addition to and not a substitute for SBA’s existing Section 8(a) Mentor-Protégé Program. SBA’s existing Section …
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Teaming Agreement Tips and Tricks
If you are a small business, most likely you will first encounter a teaming agreement when you’ve been asked to be a proposed subcontractor for a procurement. You will asked to sign a teaming agreement drafted by the proposed prime. …
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Supreme Court Rules in favor of VOSBs and SDVOSBs
The Supreme Court recently issued a decision in Kingdomware Technologies, Inc. v. United States which will have the result of increasing the number of opportunities Veteran Owned Small Businesses (VOSBs) and Service Disabled Veteran Owned Small Businesses (SDVOSBs) will have …
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SBA Issues New Rule on Limitations on Subcontracting
On May 31, 2016 the U.S. Small Business Administration (SBA) issued regulations implementing certain provisions of the National Defense Authorization Act for FY 2013. One of the key provisions in the new rule addresses “Limitations on Subcontracting.” Contracting Officers must …
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Two Protorae Law Attorneys Named as 2016 Rising Stars by Super Lawyers
Protorae Law attorney’s Rebecca Bricken Segal and Aaron C. Cummings were both recognized as “Rising Stars” in the 2016 Washington DC and Virginia Super Lawyers list. Each year, no more than five percent of the lawyers in the state are …
Protorae Business Briefs
Providing insight on legal issues impacting businesses, our blog focuses on Corporate & Business Entities, Government Contracts, Employment Law, Intellectual Property and Technology Law, Business Litigation, Real Estate and Land Use, Trusts and Estates and Tax Law to help you navigate the business world.