- What is the 8a Compliance Service and who should sign up for this service?
- This service is for 8a certified businesses to prevent them from being terminated by the SBA for 8a program non-compliance.
- Each year 1,000+ 8a certified businesses are terminated for not following their 8a participation agreement. Don't let all the hard work that you put into getting 8a Certified go to waste for doing something such as:
- - Failure to notify the SBA that your office has moved.
- Failure to obtain prior written approval from the SBA for any changes in ownership, business structure, management or control.
- Failure to provide the SBA with annual financial statements or quarterly financial's.
- Failure to submit an updated 8a Business Plan.
- Failure to pursue competitive & commercial business in accordance with its 8a Business Plan.
- A pattern of inadequate performance of awarded 8a contracts or subcontracts.
- Failure to pay or repay federal obligations.
- Failure to keep all required permits or licenses.
- Taking excessive compensation from the business
- Failure to obtain written approval for any management agreement, joint venture agreement or any other agreement relative to the performance of an 8a contract.
- Paying a consultant too much to help market your business
- Failure by business or owner to maintain the economic disadvantage metrics.
- AND MORE.........
What is the cost? | How do I Purchase/Sign-up?
What you should expect when you sign up for the 8a Compliance Service - Our staff will work one on one with to ensure you do not do anything that will result in termination from the 8a Program.
- We will conduct quarterly interviews to help identify any potential problems that could result in a termination notice from the SBA. We will provide recommendations on each potential problem to remain in compliance with the SBA requirements.
- We will review all quarterly business financial's, personal financial statements and annual business and personal Federal tax returns to ensure they are properly prepared and ensure they do not disqualify you.
- We will prepare a quarterly Risk Management Association (RMA) analysis of your business to ensure that you have not exceeded 4 or more of the 7 RMA industry means that the SBA utilizes to determine if you have met its "Development Goals". We will complete an adjusted net worth analysis to ensure you will still be considered economically disadvantaged and also an adjusted gross income analysis if necessary. We will advise you of any possible eligibility issues as well as remedies to potential problems.
- We shall respond to your inquires through the year and thoroughly advise you on any potential business or personal situation that could jeopardize your 8a eligibility.
What is the cost? | How do I Purchase/Sign-up?
- How long does it take to prepare the 8a Annual Review?
- Your 8a Compliance Service is can be completed in as little as one to two weeks although we advise that you begin the 8a Annual Review process at least 30-60 days in advance of the due date.
What is the cost? | How do I Purchase/Sign-up?
- What is the cost for this service and how is it payable?
- Cloveer Inc accepts major credit cards or you can pay by check.
- Click here for a list of recently completed Annual Compliance clients. Full client references are available upon request. Just call or email us.
- How can I purchase or sign-up for the 8a Compliance Service
