How many owners, officers, directors, partners, LLC members or key employees does the business have?* Since you have more than 4 individuals, please contact us and we will email you a questionnaire to complete offline. Names of all owners, officers, directors, partners, LLC members and key employees of the business. Individual #1 - Name*
First
Last
Individual #1 - Is this individual claiming Economic and Social Disadvantaged status by the SBA?* This means they are one of the 51% owners who 8(a) eligibility is based upon. At least one (1) individual must own and control 51% of the business and claim Economic and Social Disadvantage to qualify for the 8(a) Program.
Individual #1 - SBA Designated Group Membership* SBA Designated Group Membership Definitions: Hispanic American - SBA has defined “Hispanic American” as an individual whose ancestry and culture are rooted in South America, Central America, Mexico, Cuba, the Dominican Republic, Puerto Rico, or the Iberian Peninsula, including Spain and Portugal.Native American - (including Alaskan Native, American Indians, Eskimos and Aleuts). You must be a tribal card holder of a Federal or State Recognized Tribe to be considered a Native American by the SBA for 8(a) Certification purposes.Asian Pacific Americans (persons with origins from Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Japan, China (including Hong Kong), Taiwan, Laos, Cambodia (Kampuchea), Vietnam, Korea, The Philippines, U.S. Trust Territory of the Pacific Islands (Republic of Palau), Republic of the Marshall Islands, Federated States of Micronesia, the Commonwealth of the Northern Mariana Islands, Guam, Samoa, Macao, Fiji, Tonga, Kiribati, Tuvalu, or Nauru).Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan, the Maldives Islands or Nepal).Native Hawaiian means any individual whose ancestors were natives, prior to 1778, of the area which now comprises the State of Hawaii.
Does Individual #1 have an Adjusted Net Worth of less than $250,000 and total assets of less than $4,000,000?* Adjusted Net Worth = Assets - liabilities - (Equity in primary residence + value of ownership interest in business concern + IRA/401(k) or Other Retirement Accounts subject to a penalty for early withdrawal).
If you are unsure, please visit our online
Adjusted Net Worth Calculator ELIGIBILITY ISSUE: Since you have indicated that this individual does not have an Adjusted Net Worth of less than $250,000 and/or has total assets of more than $4,000,000 you will not qualify for the 8(a) Program. Did Individual #1 earn less than $250,000 averaged over the last three tax years in Adjusted Gross Income?* ELIGIBILITY ISSUE: Since you have indicated that this individual earned more than $250,000 averaged over the last three tax years you will not qualify for the 8(a) Program. Did individual #1 transfer any personal assets during the last two years to an immediate family member for less than fair market value?* Immediate family member is defined as father, mother, husband, wife, son, daughter, brother, sister, grandfather, grandmother, grandson, granddaughter, father-in-law, and mother-in-law.
POSSIBLE ELIGIBILITY ISSUE: Since you have indicated that this individual transferred personal assets during the last two years to an immediate family member for less than fair market value, please explain below. If the result of the transfer would cause this individuals Adjusted Net Worth to be above the $250,000 limitation you will not qualify for the 8(a) Program. Individual # 1- Since you answered YES, please explain below:*
Percentage of ownership for Individual #1 Enter a number between 0 and 100.
Title of Individual #1* Individual #1 - Does this individual work full-time in the business without any outside employment?* ELIGIBILITY ISSUE: Since you have indicated that this individual does not work full-time in the business and has outside employment you will not qualify for the 8(a) Program. The primary 8(a) Applicant must work-full-time in the business applying for the 8(a) Program without any outside employment.US Citizenship for Individual #1* ELIGIBILITY ISSUE: Since you have indicated that this individual is not a US Citizen you will not qualify for the 8(a) Program. All 8(a) Applicants must be US Citizens.Enter the Information for Individual #2 below: Individual #2 - Name*
First
Last
Indivdual #2 - Is this individual claiming Economic and Social Disadvantaged status by the SBA?* This means they are one of the 51% owners who 8(a) eligibility is based upon. At least one (1) individual must own and control 51% of the business and claim Economic and Social Disadvantage to qualify for the 8(a) Program.
Individual #2 - SBA Designated Group Membership* SBA Designated Group Membership Definitions: Hispanic American - SBA has defined “Hispanic American” as an individual whose ancestry and culture are rooted in South America, Central America, Mexico, Cuba, the Dominican Republic, Puerto Rico, or the Iberian Peninsula, including Spain and Portugal.Native American - (including Alaskan Native, American Indians, Eskimos and Aleuts). You must be a tribal card holder of a Federal or State Recognized Tribe to be considered a Native American by the SBA for 8(a) Certification purposes.Asian Pacific Americans (persons with origins from Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Japan, China (including Hong Kong), Taiwan, Laos, Cambodia (Kampuchea), Vietnam, Korea, The Philippines, U.S. Trust Territory of the Pacific Islands (Republic of Palau), Republic of the Marshall Islands, Federated States of Micronesia, the Commonwealth of the Northern Mariana Islands, Guam, Samoa, Macao, Fiji, Tonga, Kiribati, Tuvalu, or Nauru).Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan, the Maldives Islands or Nepal).Native Hawaiian means any individual whose ancestors were natives, prior to 1778, of the area which now comprises the State of Hawaii.
Does Individual #2 have an Adjusted Net Worth of less than $250,000 and total assets of less than $4,000,000?* Adjusted Net Worth = Assets - liabilities - (Equity in primary residence + value of ownership interest in business concern + IRA/401(k) or Other Retirement Accounts subject to a penalty for early withdrawal).
If you are unsure, please visit our online
Adjusted Net Worth Calculator ELIGIBILITY ISSUE: Since you have indicated that this individual does not have an Adjusted Net Worth of less than $250,000 and/or has total assets of more than $4,000,000 you will not qualify for the 8(a) Program. Did Individual #2 earn less than $250,000 averaged over the last three tax years in Adjusted Gross Income?* ELIGIBILITY ISSUE: Since you have indicated that this individual earned more than $250,000 averaged over the last three tax years you will not qualify for the 8(a) Program. Did individual #2 transfer any personal assets during the last two years to an immediate family member for less than fair market value?* Immediate family member is defined as father, mother, husband, wife, son, daughter, brother, sister, grandfather, grandmother, grandson, granddaughter, father-in-law, and mother-in-law.
POSSIBLE ELIGIBILITY ISSUE: Since you have indicated that this individual transferred personal assets during the last two years to an immediate family member for less than fair market value, please explain below. If the result of the transfer would cause this individuals Adjusted Net Worth to be above the $250,000 limitation you will not qualify for the 8(a) Program. Individual # 2 - Since you answered YES, please explain below:*
Percentage of ownership for Individual #2 Enter a number between 0 and 100.
Title of Individual #2* Individual #2 - Does this individual work full-time in the business without any outside employment?* ELIGIBILITY ISSUE: Since you have indicated that this individual does not work full-time in the business and has outside employment you will not qualify for the 8(a) Program. The primary 8(a) Applicant must work-full-time in the business applying for the 8(a) Program without any outside employment.US Citizenship for Individual #2* ELIGIBILITY ISSUE: Since you have indicated that this individual is not a US Citizen you will not qualify for the 8(a) Program. All 8(a) Applicants must be US Citizens.Enter the Information for Individual #3 below: Individual #3 - Name*
First
Last
Indivdual #3 - Is this individual claiming Economic and Social Disadvantaged status by the SBA?* This means they are one of the 51% owners who 8(a) eligibility is based upon. At least one (1) individual must own and control 51% of the business and claim Economic and Social Disadvantage to qualify for the 8(a) Program.
Individual #3 - SBA Designated Group Membership* SBA Designated Group Membership Definitions: Hispanic American - SBA has defined “Hispanic American” as an individual whose ancestry and culture are rooted in South America, Central America, Mexico, Cuba, the Dominican Republic, Puerto Rico, or the Iberian Peninsula, including Spain and Portugal.Native American - (including Alaskan Native, American Indians, Eskimos and Aleuts). You must be a tribal card holder of a Federal or State Recognized Tribe to be considered a Native American by the SBA for 8(a) Certification purposes.Asian Pacific Americans (persons with origins from Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Japan, China (including Hong Kong), Taiwan, Laos, Cambodia (Kampuchea), Vietnam, Korea, The Philippines, U.S. Trust Territory of the Pacific Islands (Republic of Palau), Republic of the Marshall Islands, Federated States of Micronesia, the Commonwealth of the Northern Mariana Islands, Guam, Samoa, Macao, Fiji, Tonga, Kiribati, Tuvalu, or Nauru).Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan, the Maldives Islands or Nepal).Native Hawaiian means any individual whose ancestors were natives, prior to 1778, of the area which now comprises the State of Hawaii.
Does Individual #3 have an Adjusted Net Worth of less than $250,000 and total assets of less than $4,000,000?* Adjusted Net Worth = Assets - liabilities - (Equity in primary residence + value of ownership interest in business concern + IRA/401(k) or Other Retirement Accounts subject to a penalty for early withdrawal).
If you are unsure, please visit our online
Adjusted Net Worth Calculator ELIGIBILITY ISSUE: Since you have indicated that this individual does not have an Adjusted Net Worth of less than $250,000 and/or has total assets of more than $4,000,000 you will not qualify for the 8(a) Program. Did Individual #3 earn less than $250,000 averaged over the last three tax years in Adjusted Gross Income?* ELIGIBILITY ISSUE: Since you have indicated that this individual earned more than $250,000 averaged over the last three tax years you will not qualify for the 8(a) Program. Did individual #3 transfer any personal assets during the last two years to an immediate family member for less than fair market value?* Immediate family member is defined as father, mother, husband, wife, son, daughter, brother, sister, grandfather, grandmother, grandson, granddaughter, father-in-law, and mother-in-law.
POSSIBLE ELIGIBILITY ISSUE: Since you have indicated that this individual transferred personal assets during the last two years to an immediate family member for less than fair market value, please explain below. If the result of the transfer would cause this individuals Adjusted Net Worth to be above the $250,000 limitation you will not qualify for the 8(a) Program. Individual # 3 - Since you answered YES, please explain below:*
Percentage of ownership for Individual #3 Enter a number between 0 and 100.
Title of Individual #3* Individual #3 - Does this individual work full-time in the business without any outside employment?* ELIGIBILITY ISSUE: Since you have indicated that this individual does not work full-time in the business and has outside employment you will not qualify for the 8(a) Program. The primary 8(a) Applicant must work-full-time in the business applying for the 8(a) Program without any outside employment.US Citizenship for Individual #3* ELIGIBILITY ISSUE: Since you have indicated that this individual is not a US Citizen you will not qualify for the 8(a) Program. All 8(a) Applicants must be US Citizens.
