Business Certification: Good Business for Small Businesses and Startups
New Ventures Update
Date: June 22, 2021
Business certification can play a crucial role for businesses looking to gain access to supplier diversity programs and government contracts set aside for historically underrepresented groups in business.
Business certification is diverse status verification of the owner or owners of a business. This includes women, minorities, LGBTQ individuals, veterans, those with disabilities and individuals living in areas that are separated from mainstream society (usually remote rural areas).
There are several federal, state and local level authorities, as well as national organizations, that review the eligibility of businesses in order to award certification to those that qualify. Some certifications will last the lifetime of the business, provided the business retains its diverse business ownership, while other certifications are intended to end after a certain number of years.
We are providing you with a quick reference resource that provides further information regarding business certification, including common issues that may prevent a business from becoming certified. Also included are links to several certification authorities.
Click here to view.
For more information about Thompson Hine’s New Ventures practice group visit our QuickLaunch website or contact the team members below.
Lindsay Karas Stencel