8m Certification Eligibility WOSB 8(m) Certification

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"February 4th 2011 is the date the WOSB program becomes effective."
- Sara Ryan

"SBA determined that additional help was needed for Woman Owned Small Businesses"
- Sarah Lam


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To see if your firm is eligible for the woman owned small business certification the following questions should be assessed. The firm must be able to answer "Yes" to each of the following questions in order to qualify. A "No" does not automatically disqualify the firm however it could be potential problem are for WOSB certification.

Is the firm or business entity 51% owned and controlled by a woman who is a U.S. Citizen? IF YES CONTINUE
Can the woman owners of the firm document their status as both female and US Citizenship by a birth certificate, naturalization papers or passport? IF YES CONTINUE
There are no conditions in which the current woman who own(s) and controls the firm could lose control of the firm, or have influence placed upon her in the decision making process of the firm? IF YES CONTINUE
At least one woman owns, manages and controls the day to day operations of the firm.
A woman holds the highest position in the firm and this is commiserate with past earnings of the employees of the firm? IF YES CONTINUE
The woman owner devotes full time to the management of the firm? If YES CONTINUE
Woman ownership possesses all of the necessary technical expertise, experience and certifications in order to manage the firm without relying on others? IF YES CONTINUE
The AGI (adjusted gross income) of the woman claiming economic disadvantage has not been in excess of $350,000 per year on average for the past 3 years? IF YES CONTINUE
The total net worth excluding retirement, personal residence and the value of the business is less than $750,000? IF YES CONTINUE
Are the fair market value of all the owners assets under $6,000,000 dollars? IF YES CONTINUE
No assets have been transferred in the past two years that would have placed the woman owned small business outside of this requirement (with the exception of educational payments)? IF YES CONTINUE

The following are classified by the first four digits of the NAICS codes and either the maximum revenue...