Women-Owned, Minority-Owned, and Disadvantaged Business Certification & Post-Certification Transactions.
Certification as a woman-owned business enterprise (WBE, WOSB, EDWOSB), minority business enterprise (MBE), or disadvantaged business enterprise (DBE) business certification can help businesses in under-represented industries obtain preference in government- or Fortune 500 contracting.
Along with the previous mandates requiring purchasing from minority and economically-disadvantaged business enterprises, federal government budgets now include spending set-asides mandating purchases of goods and services from women-owned vendors. In male-dominated industries, therefore, WBE, WOSB, and EDWOSB certifications can help these businesses gain a huge competitive advantage when seeking government contracts as a prime vendor or subcontractor.
Unfortunately, these certifications also can add an entirely new layer of complexity to routine business transactions–both during and after formation and certification. Take care when selecting business advisors to ensure that they have the experience you need to guide you through the perils and pitfalls of deal work with certified businesses.
It makes a difference! Your success in winning minority- or women-owned contracts is entirely dependent on proving that you qualify, and proof is not always as straightforward as you may think.
The Atlanta business attorney will use her expertise in minority- and women-owned certification requirements to help you earn the approval needed to win critical contracts.
READ MORE: Regulatory Compliance Newsletter—Perils and Pitfalls of Business Planning for WBE or MBE Certification.
- Women’s Business Enterprise National Counsel (WBENC)
- National Women Business Owners Corporation (NWBOC)
- U.S. Women’s Chamber of Commerce (USWCC)
- National Minority Supplier Development Counsel (NMSDC)
- Minority Business Development Agency, U.S. Department of Commerce (MBDA)
- Small Business Administration (SBA), Women-Owned Businesses
- Small Business Administration (SBA), Minority-Owned Businesses