There are special criteria that must be met depending on the certification type. State corporate laws and licensing laws are also criteria used to review applications for certification. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA).
For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. While each certification has different criteria, there are similar criteria for many. Common certifications include: minority business enterprise (MBE) women business enterprise (WBE) disadvantaged business enterprise (DBE) SBA 8(a) HUBzone veteran-owned small business (VOSB) service disabled veteran-owned small business (SDVOSB) women-owned small business (WOSB) business enterprises-owned by people with disabilities (BEPD) and “small business.” Depending on the nature of the business, there are several types of certifications available today.
0 kommentar(er)
