Not all small businesses can take care of everything in house — some of us need to subcontract out different pieces of our business, whether that be advertising, construction, production, or distribution.
And if you’re one of the many small businesses that regularly uses subcontractors, or a small business that regularly acts as a subcontractor, you may want to pay attention to some new federal rules imposing additional obligations on prime contractors and what happens if they fail to satisfy those obligations.
Here’s a breakdown of what the Small Business Administration decided, and how it could affect your small business.
