This is a legal form that was released by the U.S. Small Business Administration on January 1, 2010 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is SBA Form 2408?
A: SBA Form 2408 is a Voluntary Decertification Agreement.
Q: What is a Voluntary Decertification Agreement?
A: A Voluntary Decertification Agreement is a form used by small business owners who wish to voluntarily give up their status as a small business.
Q: Why would someone choose to submit a Voluntary Decertification Agreement?
A: Someone may choose to submit a Voluntary Decertification Agreement if they no longer meet the requirements to be considered a small business or if they no longer want to be classified as a small business for certain contracting opportunities.
Q: What are the requirements to be classified as a small business?
A: The requirements to be classified as a small business vary depending on the industry and are determined by the Small Business Administration (SBA). Generally, small businesses must meet the size standards set by the SBA.
Q: What happens after submitting a Voluntary Decertification Agreement?
A: After submitting a Voluntary Decertification Agreement, the small business will no longer be considered a small business and will not be eligible for certain small business contracting opportunities.
Form Details:
Download a fillable version of SBA Form 2408 by clicking the link below or browse more documents and templates provided by the U.S. Small Business Administration.