Frequently Asked Questions
What are the basic eligibility requirements to get the woman-owned small business certified?
How do I get woman-owned small business certified?
To get WOSB or EDWOSB-certified, your company must meet the following requirements:
Primary National American Industry Classification System (NAICS) code in an industry designated by the SBA as underrepresented or substantially underrepresented.
For WOSB Certification:
- Women who are U.S. citizens must own at least 51 percent of the company. This must be direct ownership without conditions
- Day to day operations must be managed by a woman. Documentation must be provided
- Companies must meet small business size standards for primary NAICS code
For EDWOSB Certification:
- Must satisfy all conditions for a WOSB, as listed above
- The business owner(s) must have an adjusted net worth of less than $750,000 while applying for the EDWOSB Certification
- The business owner(s) AGI (Adjusted Gross Income) cannot be more than $350,000 averaged over the last three tax years.
- The business owner(s) must have a market value of all assets that does not exceed $6 million (including business value and primary residence).