Small Business Certifications: Women-Owned, Veteran-Owned & Minority-Owned Businesses
Winning Government Bids & Set-asides
Federal, state and local government set-aside programs create incentives for private companies and government entities to use small businesses to perform government contracts (as the prime contractor or as a subcontractor).
Typically these programs set a goal of 20 - 25% of government contracts be awarded to small businesses. These opportunities represent more than $31 billion per year in federal contracts alone.
Advantages may exist if your small business is certified as a:
- Disadvantaged Business Enterprise
- Women Business Enterprise
- Minority Business Enterprise
- Veteran Business Enterprise
To get certified in one of those categories, your legal documents will need to establish clear ownership and control by the specified group. Ownership will also need to be restricted so that transferring ownership interests (voluntarily or upon death) doesn't compromise the business' certification.
Clients rely on us to create sound legal infrastructure for applicable certifications, and counsel on matters of compliance and contracting.