Sba mentor protege code#
(i) The second relationship pertains to an unrelated NAICS code or SBA may approve a second mentor for a particular protégé firm where the second relationship will not compete or otherwise conflict with the assistance set forth in the first mentor-protégé relationship and: Limitations: As an SBA protégé firm, you may generally have only one mentor at a time. Be also mindful of the SBA’s similarly situated requirements.Ī protégé applicant must first qualify as a small business for the size standard corresponding to its primary NAICS code or identify that it is seeking business development assistance with respect to a secondary NAICS code and qualify as small for the size standard corresponding to that NAICS code. However, the SBA has great discretion as to whether or not to approve a mentor protégé relationship. The basic requirements of becoming a protege in the DOD Mentor Protege Program are relatively simple. Under no circumstances will a mentor be permitted to have more than three protégés at one time in the aggregate under DOD Mentor Protege Programs authorized by 13 CFR 520 and 13 CFR 125.9.However, SBA may authorize a concern to mentor more than one protégé at a time where it can demonstrate that the additional mentor-protégé relationship will not adversely affect the development of either protégé firm. Generally, a mentor will have no more than one protégé at a time.Once approved, a mentor must annually certify that it continues to possess good character and a favorable financial position. To demonstrate that it is capable of carrying out its responsibilities to assist the protégé firm under the proposed mentor-protege agreement, a firm seeking to be a business mentor may submit to the SBA copies of the federal tax returns it submitted to the IRS, or audited financial statements, including any notes, or in the case of publicly traded concerns, the filings required by the Securities and Exchange Commission (SEC), for the past three years.
Not only can this lead to possible fraud investigations but either party of both could be criminally liable for violation of the limitations on subcontracting rules. Whether in the SBA Mentor Protege Program or not, the mentor can in no way be found to control the small business protege. a commonly missed past of the mentor protege joint venture relationship is sufficient detail that explains any training or management opportunities that the mentor provides to the protege. What facilities and equipment does each bring to the table. The critical point that the mentor must show is what help does it bring to the table for the protege. In addition, the Mentor must make sure that the joint venture agreement does not contain genertal statements. Mentors want to avoid being found to control the protege.
Does not appear on the federal list of debarred or suspended contractors and.Is capable of carrying out its responsibilities to assist the protégé firm under the proposed mentor-protégé agreement.Under 13 CFR 125.9 you can qualify as a small business mentor by showing that your company: This includes other than small businesses. Developing some effective measurement tools can help you to manage the entire process.Īny concern that demonstrates a commitment and the ability to assist small business concerns may act as a mentor and receive benefits as set forth in this section. As a mentor, you want to make sure that your plan of action ultimately meets these requirements.
What are Basic Rules of SBA Mentor Protege Programs?ġ3 CFR 125.9 (a). The overall SBA Mentor Protege Program was designed to allow approve mentors to enhance the capabilities of small business firms and to successfully compete and perform government contracts. There some slight twists to the SBA’s new regulationsthat both mentors and proteges should be familiar with Under 13 CFR 125.9 and 13 CFR 124.520Īlthough simply put in the regulations, it is conceivable to see that if your current relationship either as a mentor or protégé does not meet the underlying goal of the program and the expectations of the mentoring process, then your run the risk of SBA termination or even suspension and debarment. Federal government contractors interested in participating in the DOD Mentor Protege Programs may want to get acquainted the new rules.
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