How to Register a Minority Owned Business

In order to register as a minority-owned business, also called a Small Disadvantaged Minority Business Certification, an applicant needs to follow Small Business Administration regulations. At least 51 percent of the business must be owned and controlled by a U.S. citizen who is socially or economically disadvantaged. The SBA certifies minority-owned businesses so that the owners can become eligible for special benefits.

Things You'll Need

• Computer

Instructions

1. Go to the central contractor registration website at www.ccr.gov to see if you are eligible to register as a minority-owned business.

2. Go to the SBA website and request a minority-owned business number. Your SBA identification number will be automatically generated, and you should enter your data in the CCR database when you apply.

3. Take an online course with the Small Business Administration before completing the certification process. The agency provides numerous free online courses in a number of areas, such as finances, planning, starting a business, business management, government contracts and marketing. Participating in these courses shows the commitment to your business.

4. Operate your business. To qualify for a certification, you need to be in business for at least two years. However, if you have changed the name of your business or switched your industry, there are some exceptions. If your company has proved effective and capable of operating, if there is enough capital, if there is a record of ongoing contracts, and if your business can demonstrate ability to perform, the government may waive the two-year requirement.

5. Download a minority-owned business application from the SBA website and print the paperwork. After filling out the paperwork, have it notarized if necessary, which varies by location.

6. Submit your application to register as a minority-owned business to the SBA. Include any applicable application fees, which vary from state to state. Application processing begins immediately. The certification begins with a 15-day screening and then a 75-day processing time.

Tips & Warnings

• Registering as a minority-owned business can help you pursue government grants, loans and contracts. Having a minority-owned business certification will open a number of doors to increase your revenue.

• Be sure to check your mail on a regular basis. If the SBA requests additional information to process your application, you must submit it by the deadline on the decision letter. If you fail to submit requested documentation, you will not be able to request consideration for minority-owned business certification for one year.

References

• CCR.gov: Central Contractor Registration
• SBA.gov: Small Business Administration
• Business.gov : Minority Owned Businesses