ENDNOTES 1 13 C.F.R. § 127.200(b)(1); § 128.200(b)(1). 2 13 C.F.R. § 127.200(b)(2); § 128.200(b)(2). 3 13 C.F.R. § 127.202(a)-(c); § 128.203(a) and (b); the requirement for ownership and control by women applies exclusively to Women-Owned Small Businesses (WOSB), and the ownership and control requirement by veterans applies only to Veteran-Owned Small Businesses (VOSB). 4 13 C.F.R. § 121.101(a). 5 13 C.F.R. § 127.201; 13 C.F.R. § 128.202. 6 13 C.F.R. § 127.201(b); 13 C.F.R. § 128.202(b). 7 13 C.F.R. § 127.201(b); 13 C.F.R. § 128.202(a). 8 13 C.F.R. § 127.201(c); 13 C.F.R. § 128.202(a). 9 13 C.F.R. § 127.201(d) and (e); 13 C.F.R. § 128.202(c) and (d). 10 13 C.F.R. § 127.201(f); 13 C.F.R. § 128.202(e). 11 13 C.F.R. § 127.202(a); 13 C.F.R. § 128.203(a). 12 13 C.F.R. § 127.202(b); 13 C.F.R. § 127.203(b). 13 Id. 14 13 C.F.R. § 127.202(c); 13 C.F.R. § 127.203(i). 15 13 C.F.R. § 127.200(a). 16 13 C.F.R. § 127.203 (b) and (c). 17 13 C.F.R. § 128.200(b); a service disabled veteran means a veteran who is registered in the Beneficiary Identification and Records Locator Subsystem or successor system, maintained by Department of Veterans Affairs’ Veterans Benefits Administration as a service-disabled veteran. 18 13 C.F.R. § 128.200(b)(2). 19 https://www.wbenc.org/certification/ documentation-required/ 20 13 C.F.R. § 124.101-112. 21 13 C.F.R. § 124.103; Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias within American society because of their identities as members of groups and without regard to their individual qualities. The social disadvantage must stem from circumstances beyond their control. 22 13 C.F.R. § 124.103(b)(1). 23 13 C.F.R. § 124.103(c). 24 13 C.F.R. § 124.108(a). 25 13 C.F.R. § 124.108(a)(1). 26 Id. 27 13 C.F.R. § 124.108(a)(3) and (4). 28 13 C.F.R. § 124.108(a)(5). 29 13 C.F.R. § 124.107. 30 Id. 31 13 C.F.R. § 124.107(b)(1). 32 13 C.F.R. § 200. Businesses located in designated HUBZones and employing staff who live in these areas can receive preferential consideration for federal contracts, including set-aside contracts. The program aims to stimulate job creation and investment in economically disadvantaged communities. For a business to qualify under the HUBZone Program, the business must: (i) be a small business as set forth in Section 1A of this article; (ii) be at least 51% owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, an Alaska Native corporation, a Native Hawaiian organization, or an Indian tribe; (iii) have its principal office located in a HUBZone; and (iv) have at least 35% of its employees living in a HUBZone.32 CLASSIFIED AD Practice for Sale, Be Your Own Boss! Lincoln, Neb., CPA is looking to retire and needs the right person (or persons) to step in and provide service to his clients. Great location, ready for a motivated person to step in and take over operations. Good cash flow at 60%, can expand with enough space to add a couple more people. Tax work is about 60%, attestation engagements 25% and 15% other services. Busy all year round, but mostly during tax season. Good opportunity to be your own boss and keep what you earn! Please contact Gary Riggs at Riggs & Associates, CPAs, PC at (402) 483-7885 or griggs@riggscpas.com. Conclusion The SBA’s programs are essential for supporting small businesses owned by women, veterans, and disadvantaged groups, providing them with vital resources and opportunities. Small businesses should explore their potential qualification for these advantages. Hannah Fischer Frey is a partner at Baird Holm law firm, focusing on corporate transactions, federal and state tax planning issues, and tax-exempt matters. Fischer Frey has addressed complex partnership and corporate tax issues, including business reorganizations, private equity fund structuring, business succession planning, and tax planning in mergers and acquisitions. She has been closely involved in numerous federal and state tax examinations and audits. Steve Koo is an experienced corporate and tax advisor specializing in providing counsel to private equity and strategic multinational clients. He has extensive experience in corporate restructuring, mergers and acquisition (M&A) transactions, and regulatory compliance. His experience includes serving as tax counsel in a multinational publicly traded company and in M&A practices in Big 4 global accounting firms, prior to joining Baird Holm. Jack Suter was a summer associate at the firm. For more information, call (402) 344-0500 or email hfrey@bairdholm.com or skoo@bairdholm.com. 25 nescpa.org
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