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Joint Ventures 2019-01-31T15:06:03+00:00

We’re all working together; that’s the secret.

Joint Venture Definition

The Small Business Administration defines a joint venture as an association of individuals or businesses that engage in and carry out a specific or limited-purpose business venture for joint profit for a defined period of time. These individuals or businesses combine their efforts, property, money, skills, and knowledge, usually in support of a single government contract. The joint venture is set up for the sole purpose of pooling resources to successfully and cost effectively support the mission of a government agency.

Benefits of Joint Venturing

It is possible that a joint venture can be made up of two, three, or more businesses and still qualify as a small business, depending on the type of Schedule it falls under.

For those willing to create a joint venture, there are many benefits.

  • Represent Past Performance collectively, as a prime contractor (rather than as a subcontractor)
  • Share costs
  • Share resources
  • Leverage other partners’ experience and market share

Satisfy Your Joint Venture Requirements

Contact us to fulfill your joint venture requirements through our classifications:

  • Woman Owned Small Business (WOSB)
  • Small Disadvantaged Business (SBD)
  • ICE Mutual Agreement between Government & Employers (IMAGE)
  • HUBZone
  • Online Representations & Certifications Application (ORCA)

Headquarters

1212 New York Ave, NW
Suite 520
Washington, DC 20005

Classifications