Things Every Women Entrepreneur Must Know About WBENC Certification
The Women’s Business Enterprise National Council known as WBENC has been removing barriers that can hinder the growth and progress of a business owned by women. The WBENC certification program ensures an opportunity to take part in purchasing and contracting activities. The WBENC certifies a women-owned business on behalf of United States corporations.
Meaning of WBENC Certification & Eligibility CriteriaIt is considered as the pathway to business opportunities. The certification help business owners navigate through endless obstacles. Business owners get the chance to enter the national database of government entities and corporations. The Businesses gain ample opportunity to make business deals with other women-owned enterprises. The eligibility criteria of WBENC certification are as follows.
- The company must be at least 51 percent owned by one or more women.
- Women owners must hold the highest position in the company, which includes President, CEO, or whatever the title may be.
- Women owners have to show evidence of the managerial control and operational control of the applicant.
- It must possess unrestricted female control in legal documents.
- Women owners must possess U.S citizenship or be permanent residents lawfully.
Why Business Owners Should Partner with a WBENC?
Whenever any women-owned business gets WBENC certification, it gains follow benefits.
- Through this certification, women-owned businesses show their commitment to work in diverse markets. The company becomes more attractive to suppliers that partner with women-owned businesses.
- These companies bring more creativity and innovation.
- When a business work with WBENC certified company, profitability increased along with return investment.
- Companies that work with WBE business, get tax benefits. It is because the government provides tax incentives to companies that work with women-owned businesses.
The Certification Process WBENC
The process of WBENC certification is easy and transparent.
- Firstly, find out if your company meets the eligibility criteria of the certification.
- Next, you will have to apply online for certification after gathering the essential documents needed.
- When you are confident about document availability, you can register and fill the online application on their authorized website.
- WBENC thoroughly check all your documents and does site visit with owners.
- The certification committee thoroughly reviews application, criteria. They notify via email once it is done, and that’s it.
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