Improve your business's ability to win contracts Types of contracts There are several different ways of contracting that can help you win awards from the federal government. Learn about the types of government contracts Size standards SBA’s size standards determine whether or not your business qualifies as small. See how SBA determines ...

Understanding the Context

Q: I’m thinking about starting a professional contracting business, but I’m not sure what I need to do in terms of licensing and registration with my state. What types of business licenses might I ... Understand the different forms of financial backing needed to start and sustain operations, drive growth, innovate, and expand market reach. Business funding is the catalyst that turns ideas into ...

Different Types Of Business Organizational Structures

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Different Types Of Business Organizational Structures
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Key Insights

The business structure you choose influences everything from day-to-day operations, to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits. Those contracts are called “small business set-asides,” and they help small businesses compete for and win federal contracts. There are two kinds of set-aside contracts: competitive set-asides and sole-source set-asides. The 7 (a) loan program is SBA's primary program for providing financial assistance to small businesses.

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Final Thoughts

The terms and conditions, like the guaranty percentage and loan amount, may vary by the type of loan. How SBA helps small businesses get loans The U.S. Small Business Administration (SBA) helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need. Pick the type of business insurance you need You get some protections from the kind ofbusiness structure you choose. A limited liability company (LLC) or a corporation status can protect your personal property from lawsuits.

However, that protection has limits.