How lawyers can help businesses of disadvantaged entrepreneurs

Lawyers' Forum

By Jessica Ashley Davis

Jessica Ashley Davis is an associate at SmithAmundsen LLC. She is a member of the corporate practice group and specializes in corporate transactions.

Posted October 20, 2014 2:53 PM

There are major corporations and government agencies that seek business from companies owned by socially and economically disadvantaged individuals. There are state standards, federal goals and countless private corporate programs that set aside funds and projects explicitly for the use of companies owned by socially and economically disadvantaged individuals. By law, federal agencies must set a contracting goal to award 5 percent of their business to companies that obtain certification as a socially and economically …

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