![]() The attorneys at Thrift McLemore understand the opportunities and resources available to veterans and will make sure their business is set up for success. (In 2019, the VA assisted veterans in securing over $6 billion in government contracts!) Government contracts can be a promising source of income for veteran-owned small businesses. In addition to funding, the VA also works heavily with the government to get veteran-owned businesses government contracts. The Department of Veterans Affairs also provides numerous resources for veterans. The SBA provides special consideration in their lender match service for veterans. Again, many resources are available for veterans to get the funding they need. The next is obtaining funding for your idea. Understanding business is the first hurdle to starting your own business. These programs are designed to give veterans the tools to succeed before their business is running by providing pre-business plan workshops and plans, feasibility analyses, and mentorship. The SBA and VBOC work with veterans to help them understand the fundamentals of business. The Small Business Administration (SBA), Office of Veterans Business Development (OVBD), Veterans Business Outreach Center (VBOC), and Georgia Veterans Education Career Transition Resource Center (VECTR) all provide foundational guidance to veterans looking to start a business. Fortunately, several programs offer guidance to veterans. Starting a business may sound appealing, but not everyone knows where to begin. If eligible, this exemption can be extremely valuable to veterans. ![]() To be eligible, a veteran must be discharged under honorable conditions and have a service-connected disability rating of 10% (25% for peacetime veterans). The Veterans Business Certificate of Exemption provides eligible veterans a 10-year reprieve from any occupation tax, administrative fee, or regulatory fee imposed by local governments for conducting a business. Georgia provides a tax exemption to eligible veterans who start their own business. ![]() Whether starting a new business or buying into an existing business, Georgia offers veterans several benefits and programs to help veterans achieve their goals. The skills veterans learn in their service, such as leadership, problem-solving, and discipline, translate well to starting and running a business. ![]()
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