Getting certified as a woman-owned company has its perks if you wish to focus on federal federal government agreements. As being A wosb that is certified you are able to pursue general general public sector work and federal federal government “set asides”. Set asides are agreements the government earmarks for smaller businesses, including those owned by ladies.
There are 2 methods for getting certified: you are able to self-certify or get certified with an SBA-approved alternative party. Businesses being approved to certify women-owned companies consist of the Women’s company nationwide Council, the nationwide ladies companies Corporation and also the U.S. Women’s Chamber of Commerce.
One isn’t fundamentally much better than one other plus in both instances, the method involves some paperwork that is lengthy. The step that is first making certain your online business meet some fundamental needs. That features:
- Fulfilling the SBA’s size standards for the business that is small
- Being business that is 51 per cent owned by ladies
- Having feamales in fee of handling operations that are daily making long-lasting decisions for the company
- Having a female into the greatest officer place within the business