The Evergreen Law Group, PLC, is a law firm serving the transactional and transaction-related legal needs of individuals and small- and medium-sized businesses in the Washington, D.C. metropolitan region and abroad, particularly in the Asia Pacific rim area. Our mission is to meet the legal needs of our clients, large and small, with the highest degree of creativity, efficiency and professionalism. The firm concentrates in advising closely-held businesses and commercial entities regarding their transactional and regulatory compliance needs, as well as vigorous advocacy of both businesses and individuals in civil, administrative, and immigration matters. Our practices include:
Mergers, acquisitions, and sales of small to mid-size businesses;
Advise on and establish joint ventures and other investment vehicles;
Advise on transaction structures, including utilizing commercial loans from private institutions as well as SBA loans;
Establish corporations, partnerships, and limited liability companies;
Advise on and prepare software development and licensing agreements;
Advise on and prepare will and estate planning documents.
Megan S. Chung brings her extensive experience in domestic, international and cross-border transactional work to shape ideal and efficient structures for the firm's established and emerging business clients, including mergers and acquisitions, joint ventures, and company set ups. She has assisted biotechnology, pharmaceutical, software, cosmetic and e-commerce, as well as a myriad of public and closely-held business clients, in drafting sales, licensing, franchising, marketing and distribution agreements.
Prior to co-founding the Firm, Ms. Chung was an equity partner with the law firm of Hale Carlson Penn, PLC. Ms. Chung began her private practice career as an associate with McNamee Hosea, P.A. in Maryland, advising clients on a full range of transactional and civil litigation matters across the Washington, D.C. area. Her international and cross-border experience was gained as a foreign U.S. attorney with the Harry Elias Partnership, in the Republic of Singapore, advising clients across Southeast and Northeast Asia, including Hong Kong, Taiwan, Korea and China. She received her law degree from The George Washington University School of Law, and received her bachelors degree in political theory and sociology cum laude from the University of Virginia. Following law school, Ms. Chung served as law clerk to the Honorable Robert H. Mason, Associate Judge for the 7th Circuit Court, Upper Marlboro, Maryland.
Ms. Chung teaches a business transactions class as an adjunct professor of law at the George Mason University Law School, and remains active with the local non-profit organizations.
Steve Y. Yun advocates the interest of our clients in transactional and regulatory matters. He has extensive experience, in particular, in the area of commercial real estate transactions, where he has represented both sellers and purchasers, advising the clients on the most efficient legal structures and assisting in incorporating the appropriate financing vehicles to meet their needs.
Mr. Yun has practiced in Northern Virginia since 1992 and was formerly an equity partner with the law firm of Hale Carlson Penn, PLC, prior to joining the present Firm. Mr. Yun is very active within the local community organizations, including the Korean American Scholarship Foundation and other charitable organizations in the area. Mr. Yun received his juris doctor degree from The George Washington University School of Law, and received his bachelors degree in political and social thoughts from the University of Virginia.
Business Development Program1. What is the 8(a) Business Development (BD) Program?The SBA's 8(a) BD Program, named for a section of the Small Business Act, is a business development program created to help small disadvantaged businesses compete in the American economy and access the federal procurement market.2. How do I apply to the 8(a) BD program?Contacting the local SBA district office serving your area is the first step. An SBA representative will answer general questions over the telephone. Some district offices may also have 8(a) orientation workshops to provide additional information regarding the eligibility requirements and to review various SBA forms. Also can contact an attorney who concentrates on this area.
3. What are the basic requirements an 8(a) applicant firm must meet?The applicant firm:
must be a small business,
must be unconditionally owned and controlled by one or more socially and economically disadvantaged individuals who are of good character and citizens of the United States, and
must demonstrate potential for success.
4. What is SBA's definition of a small business concern?SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field. Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following:
Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured;
Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided;
Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided;
Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided;
General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction;
Special Trade Construction: Annual receipts may not exceed $7 million; and
Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product.
5. Who are socially disadvantaged individuals?Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as members of a group. Social disadvantage must stem from circumstances beyond their control. In the absence of evidence to the contrary, individuals who are members of the following designated groups are presumed to be socially disadvantaged:
Native Americans (American Indians, Eskimos, Aleuts, and Native Hawaiians)
Asian Pacific Americans (persons with origins from Korea, Japan, China, the Philippines, Vietnam, etc.), and