LLC vs Corporation

Knowing the Differences between a Limited Liability Company LLC vs Corporation Can Mean Less Liability When You Comply with the Rules. When forming a new business, you might wonder what is the difference between a limited liability company, LLC vs Corporation. What does LLC stand for in business terms? In… Read more »

What is a Business Partnership?

A partnership in business is the relationship formed between two or more persons who carry on a business or trade for a profit. A complete definition of a partnership agreement is determined on a state by state basis within the state statutes. Regardless of whether you have a business partnership agreement in place,… Read more »

Government Procurement Contract Fraud Crackdown

Given the increase in government procurement contract fraud activity, in 2006, the National contract government procurement Fraud Task Force was formed to promote the early detection, identification, prevention, and prosecution of procurement contract fraud.  Government contractors are more exposed to investigations and are finding themselves facing more criminal charges and jail time. The… Read more »

SBA 8 a BD Program Application

The Small Business Administration’s (SBA) 8a Business Development Program Application starts the process for qualified applicants to seek approval from the SBA and join thousands of other disadvantaged businesses to increase their likelihood of getting more business revenues. The 8 a BD Program is a 9-year program initiated by Congress… Read more »

FCPA Penalties and Foreign Corrupt Practices Act Violations

Foreign Corrupt Practices Act fines and penalties and violations can be premised upon your efforts in due diligence or otherwise seek to determine whether there was a legitimate business purpose for the use of a “middleman” or consultant. This is especially true when conducting business operations and building foreign relationships… Read more »

What Is Business Law?

The legal analysis of Business law includes regulatory and statutory guidelines to which owners must comply. For example, under Colorado business laws include regulations that govern limited liability companies, business partnerships and more.   If you are operating a commercial business that includes the sale of goods, understanding the basic principles of… Read more »

What is a Limited Partnership?

A Limited Partnership, as compared to a general partnership, is formed by two or more people doing business. At least a person must act as the general partner. That person must have actual management authority for the day-day- activities of the company. This is in direct comparison to the other person(s)… Read more »

SBA Definition of Joint Venture

Failing to Comply With SBA Joint Venture Definition and Affiliation Rules Can Cost You the Contract.  The SBA definition of joint venture means two or more businesses joining forces for a profit. The effort is generally targeted to a specific project in federal contracting. In government contracting, the Small Business Administration… Read more »

Joint Ventures – Agreement and Contents 13 CFR 124.510

Contents of a joint venture agreement are statutorily set for small businesses and 8(a)certified companies. If you are a small business in the SBA 8a certification program and thinking about entering a joint venture agreement with another company, there are a few things that you want to consider. Not only are the… Read more »