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The personal net worth standard of Small
Disadvantaged Business was established over two decades ago. At $750,000
(which includes retirement accounts) the threshold needs to be
reevaluated, increased and indexed to address cost of living increases.
- Increase the personal net
worth cap to $3 million and index annually going forward.
- Remove retirement assets from an individual's
personal net worth until the assets are actually withdrawn.
- Allow qualifying owners to engage in sound
business practices. |