Hubzone joint venture agreement pdf

Hubzone application guide small business administration. Beware such a longstanding interrelationship or contractual dependence between the same joint venture partners will lead to a finding of general. The joint venture could qualify for award of a hubzone contract, if you are certified. A certified hubzone small business concern may enter into a joint venture agreement with one or more other small business concerns, or with an approved mentor authorized by 125. How the hubzone program determines hubzone eligibility 5. Though the existing hubzone regulations only allow for a joint venture between two qualified hubzone entities, the new regulation allows for a hubzone small business to enter into a joint venture agreement with one or more small businesses, with an approved mentor per the new mentorprotege regulation, or, if also an 8a program.

Jv agreements involving 8a companies must be approved by sba before. You would have to take steps in order to be able to successfully plan out your joint venture. For immediate help complying with the sba hubzone joint venture regulations under cfr 126. In comparison, joint venturing is when two companies in the small business setaside context, usually one large and one small form a third, joint venture or jv entity. Hubzone small businesses to act as mentors and enter into jv agreements with.

For 8a contracts, the formal joint venture must be approved by sba. The joint venture will have a separate account requiring signatures by all. The all small mentorprotege program small business. Maximizing joint venture opps with sba 8a and other small. The joint venture may compete for federal contracts and subcontracts based on your size and status. The joint venture agreement must designate a hubzone small business as the managing venturer, and an employee of the managing venturer. Are you meeting hubzone joint venture requirements cfr. Joint ventures for 8a contracts at least one member must be an 8a participant generally all members must qualify as small for the procurement sba must approve the joint venture agreement the 8a firm must manage the joint venture an employee of the 8a firm must be the project manager the 8a firm must receive at least 51% of profits. Planning your joint venture agreement before we get into making your own joint venture agreement template, lets first discuss how you would plan your joint venture agreement. The joint venture will have a separate account requiring signatures by all parties for withdrawals. If your company is qualified as a hubzone, you can enter into a joint venture agreement with one or more other small businesses or with an sba approved mentor authorized cfr 125.

If you and your approved mentor form a jv to compete for a. The teaming agreement is customarily submitted as part of the bidproposal itself. Planning would be the first step in making a joint venture agreement. Protege owns 51 percent of the joint venture, and its a separate legal entity. Background joint ventures small business administration.

For example, the joint venture can compete for a small business setaside contract, if you are small for the contract and regardless of your mentors size. Understanding joint ventures office of small business programs. This document is a template for a joint venture agreement between two businesses. Option and joint venture agreement this option agreement and joint venture agreement the agreement made effective as of the 3rd day of december, 20, among. Option and joint venture agreement execution copy 2. Therefore, when two hubzone small business concerns form a jv in accordance with cfr 126. Joint venture agreement template small business administration. Because the existing regulations only allows for joint ventures between qualified hubzone entities, there are no specific joint venture agreement. This document is a template for a joint venture agreement between.