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 system). Companies may self-certify or have official certification from a single of this four party that is third authorized by SBA. Please be advised any particular one is not beneficial on the other. A self-certification is free and a party that is third has a charge.
If you opt to self-certify, listed here five actions should always be taken:
- Review the eligibility demands for the WOSB or EDWOSB. A business must be controlled by one or more women who are U.S. citizens through ownership and management in order to qualify as a WOSB. Ownership needs to be direct rather than susceptible to any conditions. A lady must handle the day-to-day operations while making the long-lasting business choices when it comes to company. The girl must contain the highest officer place, really should not be involved with outside work, and must just work at the company full-time during normal business hours. So that you can qualify being an EDWOSB, a company must fulfill all of the WOSB eligibility requirements. Continuer la lecture