Buying or Selling a Small Business Government Contractor? Draft a Letter of Intent Carefully.

Source: JDSupra

Buying a small business government contractor may not be as simple as a standard acquisition. This is particularly true if the small business wants to continue to qualify for federal small business set-aside and sole-source awards during negotiations. The U.S. Small Business Administration (“SBA”) treats stock options, convertible securities, and agreements to merge (including agreements in principle), as having a “present effect” on the power to control a concern.

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Back to Basics: Registering in SAM.gov

Source: SmallGovCon

SAM.gov, short for System for Award Management, is the entry point for federal contractors to interface with the government. So, it is a basic starting point for every federal contractor. But your SAM.gov profile also needs to stay up to date and be up to date at time of bid submission, and failure to keep your SAM profile active can cause problems, even for established contractors. Everyone involved with government contracting knows, or should know, a little bit about registration in SAM.gov.

This post walks you through the most important things you should know about registering in SAM.gov.

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What You Need to Know Before Contracting with the Federal Government

Source:National Law Review

Making the decision to engage your business in government contracting at the local, state or national level can admittedly be overwhelming, particularly for those new to the process. However, the potential benefits should outweigh the hesitations.

According to an American Express OPEN survey, 57 percent of businesses noted their revenue grew significantly because of government contracting, at an average rate of 61 percent. This advisory provides a high-level overview of the process with a focus on federal government contracting, which is far and away the largest source of government contracting.

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