Organizations have actually two choices to qualify as a women-owned small company (WOSB) or economically-disadvantaged women-owned business (EDWOSB) beneath the WOSB Federal Contract Program (WOSB Program). Organizations may self-certify or get yourself official certification from a single regarding the four party that is third authorized by SBA. Please be encouraged this one is not advantageous within the other. A self-certification is free and a alternative party official certification has a charge.
If you choose to self-certify, the next five actions should really be taken:
- Review the eligibility needs for a WOSB or EDWOSB. So that you can qualify as being a WOSB, a company should be managed by more than one ladies who are U.S. residents through ownership and administration. Ownership should be direct and never at the mercy of any conditions. A female must handle the day-to-day operations while making the business that is long-term for the company. Continue reading