The applicant(s) for 8(a) Certification must have an Adjusted Net Worth of less than $850,000 and total assets of less than $6,500,000 to be considered economically disadvantaged by the SBA.
What is the definition of Adjusted Net Worth?
Adjusted Net Worth = Personal Assets – Liabilities – [Equity in primary residence + ownership interest in business + IRA/Other Retirement].
Additionally, Total Assets = Personal Assets – IRA/Other Retirement.
