Understand About WOSB Certification to Get Into The Program
If you are a woman and you have a business then there is good news for you. Economically and socially disadvantaged female citizens of the United States with small businesses can opt for getting WOSB certification to become a participant in the developmental program of the government. The U.S. government has created a program that supports Women-Owned Small Businesses to achieve success in the federal market. Remember, you need to fulfill certain requirements which will show your eligibility and capability to be a part of the program. For that, you need to go through the process of WOSB certification application.
In this blog, we will be talking about the ways that you need to know to get WOSB certification. We will also explain the process of obtaining the certificate to get into the program.
Eligibility criteria
If you want to opt for getting the WOSB certification then your business needs to have certain traits and characteristics. It is because not everyone can participate in this program. The government has designed this program to support the economically and socially disadvantaged women who have small businesses. We have mentioned the important criteria for being eligible for the WOSB program.
- The company of the WOSB applicants has to be small in size. The size should be in according to the standards of SBA for a specific industry in the federal market.
- The applicant should own at least 51% of her company unconditionally. The ownership should be directly owned and controlled by one or more women.
- Women need to have the citizenship of the United States.
- The owners must have long-term plans and decisions for the businesses.
- Women must make up a majority of the Board of Directors to keep maximum control under women.
- Women should make up 51% of the voting power.
- The applicant’s company must meet the standards of WBENC and WOSB
- Review the WOSB Ready site as a resource for important requirements.
- View the comprehensive listing of the WOSB Program NAICS Codes.
- Applicants must be registered with the System for Award Management (SAM).
Ways of getting certified
There are two ways of getting certified as a WOSB. Be aware of those two methods for you are planning to obtain the certification. You need to choose any one of them depending on your business and your preferences. These two ways are:
- Self-certification.
- Third-party certification.
Self-certification
Now it is time to dig deeper and know about the method in detail. If you want to choose the method of self-certification then you need to know the technical aspects of the process.
Registering with System for Award Management (SAM) is the very step for going through the process of self-certification. Once you are done registering with SAM, you need to register at the SBA website to complete the self-certification. Make sure to have a DUNS number in order to complete the self-certification for WOSB. You also need to have EIN and MPIN.
Third-party certification
First, put the services of a third-party agency to help you get the WOSB certification. The Small Business Administration (SBA) has a list of third-party organizations. For helping applicants to get WOSB certification these organizations are approved.
Women’s Business Enterprise National Council, the National Women Business Owners Corporation, also the U.S. Women’s Chamber of Commerce are the organizations that are included. remember that all of these organizations charge an amount of fee for assisting you to complete your WOSB certification application.
Conclusion
After getting the WOSB certification you will be able to compete in the federal market for obtaining contracts in a much better way. It is because the WOSB program helps businesses to get recognition in the federal market.
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