Companies have two choices to qualify being a women-owned business that is smallWOSB) or economically-disadvantaged women-owned small company (EDWOSB) beneath the WOSB Federal Contract Program (WOSB Program). Companies may self-certify or get yourself an official official certification from a single associated with the four 3rd party certifiers authorized by SBA. Please be encouraged this 1 is not beneficial throughout the other. A self-certification is free and a 3rd party official certification features a cost.
If you choose to self-certify, the next five actions must be taken:
- Review the eligibility needs for a WOSB or EDWOSB. To be able to qualify being a WOSB, a small business needs to be managed by a number of women that are U.S. citizens through ownership and administration. Ownership needs to be direct and never subject to any conditions. A female must handle the day-to-day operations and then make the long-lasting company decisions for the company. The lady must support the greatest officer position, really should not be involved in outside work, and must just work at the company full-time during normal company hours. Continue reading “What exactly is official official certification?How can I get certified as a WOSB or EDWOSB?”