Minority Owned Small Business Certification

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)

Minority group members are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals i.e. the management and daily operations are controlled by those minority group members.

A minority group member is an individual who is a U.S. citizen with at least one quarter of the following:

Asian-Indian: A U.S. citizen whose origins are from India, Pakistan and Bangladesh. Asian-Pacific: A U.S. citizen whose origins are from Japan, China, Indonesia, Malaysia, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Thailand, Samoa, Guam, the U.S. Trust Territories of the Pacific or the Northern Marianas.

Black: A U.S. citizen who is of African descent.

Hispanic: A U.S. citizen of true-born Hispanic heritage, from any of the Spanish-speaking areas of the following regions: Mexico, Central America, South America and the Caribbean Basin only. Brazilians (Afro-Brazilian, indigenous/Indian only) shall be listed under Hispanic designation for review and certification purposes.

Native American: A person who is an American Indian, Eskimo, Aleut or Native Hawaiian, and regarded as such by the community of which the person claims to be a part. Native Americans must be documented members of a North American tribe, band or otherwise organized group of native people who are indigenous to the continental United States and proof can be provided through a Native American Blood Degree Certificate (i.e., tribal registry letter, tribal roll register number).

BENEFITS

Minority Business Executives (MBEs) have access to numerous benefits and services – including educational programs plus a wide range of networking opportunities. This section briefly outlines some of those benefits.

The National Minority Supplier Development Council’s Certification Policy and Procedures are firmly adhered to by its 23 regional affiliate councils (or RMSDCs) for the certification of minority- owned, operated and controlled businesses (MBEs). Standardized Procedures assure consistent and identical review and certification of MBEs throughout the NMSDC Network. The NMSDC is the only national organization providing certification throughout the U.S. where MBEs are genuinely minority-owned and operated, and ready to do business.

Access — Means MBEs doing business with MBEs and forming joint venture for success.

Business Opportunity Fairs — Allow minority entrepreneurs to present themselves to hundreds of prospective buyers in a single setting.

Customized executive education — Concentrates training and technical assistance into leadership tools for CEOs of minority-owned firms.

Networking opportunities — Provide expansion of relationship-building opportunities with corporate buyers.

And a variety of other formal and informal activities to foster the development of long-term, mutually beneficial business relations – bringing corporate purchasing people together with representatives of minority businesses.

Requirements 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

You will receive:

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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