You may be entitled to certain competitive advantages of which you are not currently aware. In order to encourage the growth of historically disadvantaged businesses, the federal and state government permits certain companies and individuals to qualify as a Women Owned Enterprise (WBE), Minority-Owned or Disadvantaged Business Enterprise (DBE), Service Disabled Veteran Owned Small Business Concerns (SDVOSB). If your business qualifies, then we can assist you through the certification process.
Achieving a Competitive Business Advantage
Minority certification can give your business an added competitive advantage. The government often has projects that are set aside specifically to award to Disadvantaged Business Enterprises. Contracts for many projects — both public and private — often mandate that a certain percentage of the work be awarded to minority-owned or woman-owned businesses.
At the time of business formation, it is a good idea to determine if your business can be organized as a Disadvantaged Business Enterprise. You can make that decision later, but it is probably more efficient to consider the advantages when you are starting your business.
By certifying your business as minority owned and managed, you can help state and federal governments and other businesses obtain the diversity they need and want on major projects.
Contact Our Attorneys to Find Out How We Can Help Your Business
Located in Troy, Michigan, our firm serves individuals and companies involved in business, construction, manufacturing and real estate transactions and disputes. Our business and construction law attorneys provide our clients with a high level of knowledge and experience. Contact us online to set up a telephone or office consultation to discuss your legal needs.