How to Successfully Joint Venture to Grow Your Business

Have you ever considered bidding a job but didn't because it was just too big? Have you passed up opportunities because you didn't have enough time or resources? Forming a Joint Venture (JV) could be the answer! It may seem intimidating for a small business but it is an excellent tactic to quickly build capacity and grow your business.

This workshop will take the mystery out of forming a JV and show you the benefits such as:

• You can receive DBE credit for the clearly defined portion of the work performed by the DBE partner (even if the other partner is large or not a DBE).
• A JV in the SBA Mentor-Protege program qualifies as a small business for set-asides if the protege alone qualifies as a small business, including contracts for veteran-owned, women-owned, and HUBZone businesses.
• JVs can help your business grow faster, increase productivity and generate greater profits.

Experts:

• Colorado SBDC - Gain an understanding of how JVs work and how they can benefit a small business from Laurie Jones, East CO SBDC consultant who has written a book on Joint Venturing.
• PilieroMazza - Understand how to legally enter into a JV and set up your partnership with clear roles and responsibilities from Peter Ford, Attorney at PilieroMazza.
• CDOT - Learn the requirements for DBE JVs and counting toward goals from Jun Arcilla, CDOT's Certification Manager.
• SBA - Find out how JVs work for federal contracting and the advantages for large and small businesses from Carolyn Terrell, SBA Lead Business Opportunity Specialist.

Agenda:

• 9am - 9:15am - Welcome and introductions
• 9:15am - 9:45am - When and why it makes sense to form a JV
• 9:45am - 10:15am - Legal structure and roles/responsibilities of JV teaming arrangements
• 10:15am -10:30am - Break
• 10:30am - 11:00am - How SBA supports JVs in 8(a) and Mentor-Protege programs
• 11am - 11:30am - How CDOT supports JVs with DBEs and how counting works
• 11:30am - 12pm - Q and A and meet the presenters