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Minority-Owned Small Business Certification Preparation

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What is the Minority Owned Small Business Certification

 

 

If you are part of a minority group and you own your business, you definitely want to get one of the following  certifications, it brings many advantages and it could be a great step toward growing your business.

 

Minority Business Enterprise (MBE)

MBE is a certificate issued to companies based on ownership and control. They could be issued by the federal, state or local government.



BENEFITS

Allotted Contracts with Government

 

Government projects set aside contracts (between 5% to 25% ) to disadvantaged business enterprises that you can take advantage. Some contracts may stipulate that the prime contractor must divert a portion of the contract to disadvantaged business enterprises or officers may add points to bidders with MBE certifications.

 

New Opportunities

 

Business can grow by entering small contracts and learning new skills to diversify their businesses.

 

Technical Assistance

 

Government offer programs to assist in technological areas. Some programs connect entrepreneurs with mentors who can help them understand.

 

Financial Assistance

 

MBE programs may offer low-interest loans or grants, or they may provide loan guarantees, essentially reducing the risk to lenders who give money to disadvantaged business enterprises.

 

REQUIREMENTS

Proof of U.S. citizenship (i.e., birth certificate, naturalization paper, or unexpired passport) for all Principals , copies of resumes, copy of driver’s licenses.

 

A Brief History of the Business

 

Owners' Bio

 

Certificate of Incorporation

 

Articles of Incorporation

 

Stock Certificates and Stock Ledger (front and back)

 

All agreement(s) and any amendments pertaining to partnership, ownership, operation, and control of the business

 

Articles of Organization and any amendments

 

Corporate Bylaws and any amendments-executed and attested (if applicable)

 

Joint Venture agreements if applicable

 

Minutes to Board of Director’s meetings as well as Shareholder’s meetings

 

Business cards that list appropriate corporate titles

 

DBA (Doing Business As) or Trade Name Certificate

 

Corporate Bank Resolution Agreement(s) to include Bank Signature Card(s)

 

Business Lease Agreement(s) (and Security Deeds if home-based)

 

Proof of general liability insurance and in some cases bonding

 

Copies of the businesses’ cancelled checks

  • Get your business fully qualified for Federal Contracts
  • Once certified, you get access to Federal Dollars and will be ready to
  • partner with Government Projects.
  • Certification Experts at BizPlanEasy will help you get your certifications done swiftly and accurately
  • We help you capitalize on the opportunities ahead

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MBE Certification Preparation

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1) Professional Audit to make sure all the requirements are met before applying

 

2) Professional preparation of the complete applications.

 

3) Continued phone & email support during the entire process.

 

4) Acting as Single point communication with issuer agencies

 

 

 

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