Woman-owned business

A woman-owned business is a specific designation used by American government agencies and industry associations to set aside special programs to encourage and empower female business owners. Most definitions of this term involve a practical look at the legal and ownership structure, as well as the issue of control of the day-to-day operations of a business. The consideration of control of a business is meant to discourage the practice of men placing wives, daughters, or low-level female employees in positions of ownership, when in fact she may have little to do with the day-to-day management of the company, for the sake of receiving some government benefits or other consideration.

A Woman-Owned Business Enterprise (WBE) is defined as one that is at least 51% owned, operated and controlled on a daily basis by one or more female American citizens. WBEs are typically certified by a third-party, city, state or federal agency.[1] The Small Business Administration offers a similar definition of a Women-Owned Small Business (WOSB) as a small business that is at least 51% owned, operated and controlled on a daily basis by one or more (in combination) female American citizens.[2] The SBA's WOSB definition differentiates from the WBE definition, as it looks at the size of the business according to the specific industry standards table.[3]

  1. ^ "Women-Owned Small Business Federal Contracting Program". Women-Owned Small Business Federal Contracting Program.
  2. ^ "Small Business Administration". Small Business Administration. Retrieved 2018-09-04.
  3. ^ "Small Business Administration". Small Business Administration. Retrieved 2018-09-04.