Companies have actually two choices to qualify being a women-owned business that is smallWOSB) or economically-disadvantaged women-owned business (EDWOSB) beneath the WOSB Federal Contract Program (WOSB system). Businesses may self-certify or get yourself an official certification from a single associated with the four alternative party certifiers authorized by SBA. Please be encouraged that certain is not advantageous throughout the other. A self-certification is free and a alternative party official certification includes a charge.
If you choose to self-certify, the next five actions ought to be taken:
- Review the eligibility needs for a 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 must certanly be direct rather than susceptible to any conditions. A female must handle the day-to-day operations and work out the business that is long-term for the company. […]