Military Active Service

Deployment: Sustain or Suspend Your Business

Please Note: This series, “Preparing your Business for Deployment,” is focused on our military entrepreneurs who may have to deploy. However, the information and checklists would apply to any business owner who may need to take a sudden leave of absence from their business due to a life changing emergency. It is suggested that all entrepreneurs should have some sort of plan in place in case they need to either sustain or suspend their business in their absence. (more…)

Military Active Service

Deployment: Final Considerations & Checklists

Many business owners who are members of the National Guard or Reserves have many things that they need to consider before they deploy. In previous posts we have discussed a few of your options on whether to Sustain or Suspend your business. Here are a few more items to consider and a checklist to help keep you on track. (more…)

Military Active Service

Timeline for Suspending Your Business

Many business owners who are members of the National Guard or Reserves make the decision to suspend their business during absences caused by training, mobilization, and deployment. There are many reasons business owners might choose to do so, but oftentimes suspending business is the only viable option, especially when there is no one else with the skill or knowledge to take over while you are gone. For example, artists, craftsmen or even independent truck drivers do not have the option to pass their business on to someone else. (more…)

Military Active Service

Legal and Financial Issues in Sustaining Your Business

A deployment plan -- along with careful preparation, employee involvement and training, arranging from good financial management, and trust in the persons running your business -- are the tools you will need to successfully to sustain your business during long-term absences. In this post we will discuss some of the legal and financial considerations for sustaining your business; however, you should also work with your legal and financial advisors to ensure that your plan complies with all laws and regulations. (more…)

Military Active Service

Employee Plan and Security Issues in Sustaining Your Business

In the last post, we discussed the Legal and Financial Considerations that go into your deployment plan. In this post we will go into more detail about handling your employees and ensuring your business is secure prior to your deployment. (more…)

Military Veteran

Veterans First Buying Authority

The Veterans First Buying Authority redefines priorities for contracting preferences within VA, and gives service-disabled veteran-owned small businesses (SDVOSBs) and veteran-owned small businesses (VOSBs) first and second priority, respectively, in satisfying VA’s acquisition requirements. (more…)