How can I get my business certified/identified as a service-disabled veteran owned business?
What major key benefits does this have on my business?
How can I sell my manufactured food product to grocery stores (including national stores) without paying a broker?
Should I set up an LLC or S-Corp in order to protect me and my personal assets especially when using a co-packer?
How do I set up the above corporation and do I make the co-packer some type of subsidiary to my corporation?
How do I properly choose a co-packer and see through their sales tactics?
Answers
Good morning Walter,
By no means am I an expert, but I do have some experience on the government side of federal contracting.The service contracts that we put out for bid were restricted to service-disabled veteran owned 8-a certified small businesses. I pasted a paragraph below from the SBA .gov website along with a few links that my be of some interest:
The purpose of the Service-Disabled Veteran-Owned Small Business Concern Procurement Program is to provide procuring agencies with the authority to set acquisitions aside for exclusive competition among service-disabled veteran-owned small business concerns, as well as the authority to make sole source awards to service-disabled veteran-owned small business concerns if certain conditions are met. (See Code of Federal Regulations (CFR) 13 C.F.R. § 125.8-125.10).
Federal Certification (including VA) http://www.va.gov/osdbu/vip/step1.asp
Don,
Great asnwer one thing I may add. Start looking at what it takes to create a business plan, as tidious this process may be it will be the best time spent. In it you will identify things like LLC vs S Corporations ( from experience LLC will offer you the most protection and flexibility) how much money you will need, how long it would be before you are in the black, risks, competition, market penetration ...to mention a few. I wish you much success, hang in there
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