For small business owners, contracting with a local, state, or federal government agency can be a potentially lucrative opportunity.

In 2013 alone, federal contracts awarded to small businesses resulted in more than $83 billion in revenue. But there are, of course, potential bad sides to contracting with government agencies.

Here are three ways a government contracting deal can go sour:

If your business is considering becoming a government contractor, a business lawyer can help guide you through the process.

Related Resources:

  • Why Small Biz Should Love Government Contracts (FindLaw’s Free Enterprise)
  • What is SBA 8(a) Certification? (FindLaw’s Free Enterprise)
  • GSA Scandal Reveals Small Biz Not Getting Contracts (FindLaw’s Free Enterprise)
  • Do You Qualify as a ‘Minority-Owned Business’? (FindLaw’s Free Enterprise)

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