Depending on the nature of the business, there are several types of certifications available today. Common certifications include: minority business enterprise (MBE); women business enterprise (WBE); disadvantaged business enterprise (DBE); SBA 8(a); HUBzone; veteran-owned small business (VOSB); service disabled veteran-owned small business (SDVOSB); women-owned small business (WOSB); business enterprises-owned by people with disabilities (BEPD) and “small business.”
While each certification has different criteria, there are similar criteria for many. For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA). A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. State corporate laws and licensing laws are also criteria used to review applications for certification. There are special criteria that must be met depending on the certification type. For instance, while a 51- percent owner must have a personal net worth under $750,000 for DBE certification, the SBA 8(a) certification requires that the 51-percent owner have a personal net worth under $250,000.
Federal, state and local government agencies also have different gross business receipts criteria for determining small business certification eligibility.More information for your convenience:
For more information on diversity designations and certifications, visit the following websites:
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We're a full service reo brokerage specializing in complete asset liquidation from beginning to end . What makes us different is our philosophy of providing real estate solutions for real people . This basically means that there is more to a transaction than a computer and somene on the other end of an email . We work dilligently on a personal basis with our clients and asset managers to find the best solution to quickly solve complex real estate issues we face in today's ever changing market . We use our combined experience , our technology but most of all our team uses the best resource we have which is old fashioned customer service ..Please feel free to contact us to discuss all the options we offer and let us show you how a hands on approach is different and effective in solving all of your asset management needs ..
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Florida - Brevard , Indian River , Volusia , Seminole , Orange , Osceola counties , Ohio - Summit , Stark , Wayne , Portage , Cuyahoga counties . Alabama - Mobile and Baldwin counties .
Technology
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