![]() Moreover, no individual owner of an 8(a) firm, even if he or she qualifies as disadvantaged, may hold an equity ownership interest of more than 10 percent in another firm involved in the 8(a) program. One 8(a) firm may not hold more than a 10 percent equity ownership interest in any other 8(a) firm.Similarly, the SBA considers options to purchase stock held by non-disadvantaged entities when determining ownership. For example, a business may not claim to be unconditionally owned by socially/economically disadvantaged individuals if they make that claim on the basis of unexercised stock options. Individuals who are not members of recognized socially disadvantaged groups may also apply, but the SBA notes that such applicants "must establish social disadvantage on the basis of clear and convincing evidence." Individuals from a broad array of social/ethnic groups have been found eligible for the 8(a) program under the above criteria, including black Americans, Hispanic Americans, Native Americans, Pacific Americans, and members of other ethnic groups. Economically disadvantaged individuals, meanwhile, are defined by the SBA as socially disadvantaged people whose ability to compete in the free enterprise system has been diminished as a result of lesser capital and credit opportunities. Socially disadvantaged individuals are defined by the SBA as those who have been subjected to racial or ethnic prejudice or cultural bias because of their identification as members of groups without regard to their individual qualities. Majority owners of the applicant firm have to meet the SBA definition of a socially and economically disadvantaged group.If the business is a corporation, "at least 51 percent of each class of voting stock and 51 percent of the aggregate of all outstanding shares of stock must be unconditionally owned by an individual(s) determined by SBA to be socially and economically disadvantaged," stated the Small Business Administration. An applicant firm must be majority-owned (51 percent or more) by an individual or individual(s) who is an American citizen.An applicant must qualify as a small business enterprise as defined by the Small Business Administration's rules and regulations.8(A) PROGRAM ELIGIBILITY REQUIREMENTSĮntrepreneurs seeking to gain entrance into the SBA's 8(a) program must meet a number of criteria in such areas as ownership, management, and likelihood of success. The program has been an important one for thousands of minority entrepreneurs over the past few years. The initiative, which originated out of Section 8(a) of the Small Business Act-hence its name-provides participants with access to a variety of business development services, including the opportunity to receive federal contracts on a sole-source or limited competition basis. 2 April 2020.The 8(a) Program is a Small Business Administration (SBA) program intended to provide assistance to economically and/or socially disadvantaged business owners. Model Driven Engineering and Ontology Development (2nd ed.). ^ Dragan Gašević Dragan Djurić Vladan Devedžić (2009).International Journal of Human-Computer Studies. "The evolution of Protégé: an environment for knowledge-based systems development". Crubézy, Monica Eriksson, Henrik Noy, Natalya F. ![]() ^ "Protege Desktop Frequently Asked Questions". ![]()
0 Comments
Leave a Reply. |