IS A DISADVANTAGED BUSINESS ENTERPRISE APPROPRIATE FOR YOU?
A Disadvantaged Business Enterprise (DBE) is a for profit, small business concern that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged and, whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individuals who own it.
FORMING A DBE
Forming a DBE can have many advantages to small business where the criteria for a DBE are met. For instance, a DBE may be eligible to secure certain types of government and other types of contracts, or be given preference in securing those contracts because of the DBE status. However, DBE certification, as handled by each State wherein the DBE is doing business, requires certain eligibility for certification.
There are various factors which must be addressed from the very beginning when establishing a DBE. If you are in the Green Bay area and interested in establishing a DBE, you should consult with an attorney experienced in this area to determine whether or not you meet the criteria and, if so, what needs to be done to establish the paperwork and official filings to establish the DBE.
CONSULT GREEN BAY BUSINESS ATTORNEYS
The attorneys at the Green Bay law firm of Wanazek & Jaekels, S.C., are experienced in business matters. Contact Attorney David Daul [email protected] or by telephone at 920-437-8191 for further consultations on whether or not a DBE is the right business entity for you.
The lawyers at Wanezek & Jaekels, S.C., can also help with your business partnership, corporation, or limited liability company (LLC).