This summer has seen two notable updates that parties to mentor-protégé joint ventures (MPJVs) should be aware of.
First, buried in a Notice that the U.S. Small Business Administration (SBA) issued on July 22, 2024, is a request for comments regarding updates that involve potential major implications for MPJVs. As most are aware, a joint venture between an SBA-approved mentor and protégé is exempt from standard affiliation rules and, as a result, can pursue work for which only the protégé would qualify.
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