If You Run A Minority-Owned Business, Obtaining Minority-Owned Business Certification May Help Your Business

The U.S. Small Business Administration has implemented the 8(a) Business Development Program, which provides business assistance to small disadvantaged firms/businesses that are 1) At least 51% owned and controlled by individuals belonging to a social minority group and 2) businesses that can prove economic disadvantage in their ability to compete in their industry.

The goal of the SBA’s 8(a) Business Development Program is to help socially and economically disadvantaged entrepreneurs gain access to the economic mainstream of American society. Some of the benefits of the program involve receiving sole-source contracts of up to $4 million for goods and services and $6.5 million for manufacturing. The Program provides managerial, technical and contractual assistance to ready you and your business for success in the private industry.

Please note that the SBA also provides special certifications for Service-Disabled Veteran-Owned Businesses as well as Women-Owned Businesses, which includes the benefit of obtaining federal contracts for eligible women-owned small business.

If you are a member of Spiegel & Utrera, P.A.’s General Counsel Club and interested in obtaining  a Minority-Owned Business Certification, call (800) 734-9900 or clubassist@amerilawyer.com for assistance. Remember, as a member of the  General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.

Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the United States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We will assist you with Incorporation Service, Trademarks,Copyrights, Estate Planning, Legal Counsel, Wills, Trusts, Agreements & Leases, Corporate & Company