Companies of all sizes and shapes register their operations to submit bids on the government marketplace. And it doesn't take a market specialist to understand why so many business owners are registering to enjoy these federally provided perks given the trillions of dollars that the U.S. Federal Government spends a year on grants and contracting out work to approved enterprises.
There is, even more, to gain for some groups, such as those run by American veterans. Veterans-run companies may qualify for certification as Veteran-Owned Small Businesses (VOSB) or Disabled Veteran Owned Small Businesses (SDVOSB) or may become SDVOSB certified firms. The government awards between $145 and $173 billion in contracts to businesses having these certificates each year.
However, navigating the SDVOSB certification process is difficult, therefore it shouldn't be done carelessly. Many qualified veteran business owners aren't aware of what it takes to complete SDVOSB certification requirements, or even how to make the most of their benefits once they've finished. A single paperwork error can result in protracted delays while important government possibilities are missed.
Because of this, expert SDVOSB certification process services are available to help you out and handle all the tedious work. Although it helps to be aware of how long things should take and what is expected of you to ensure a smooth SDVOSB certification process experience, especially when working with a top registration service.
Veteran Benefits in the Federal Market: A Brief Overview
First things first: while any U.S. business owner can sign up to work with the federal government, the opportunities accessible to your company will be far more valuable and simpler to access if it is a veteran-owned small business (VOSB) or a service-disabled veteran-owned small business (SDVOSB).
Benefits of an SDVOSB or VOSB Status
For instance, specific benefits accorded to VOSB groups include:
3% of exclusive entry to yearly federal contracts
Reserved further contracts for the private sector
Preferences for open-bid SDVOSB contracts' bidding
These benefits have been available since the Veterans Benefits Act of 2003, which was established to give any American who devotes years to serving their nation before joining business a level playing field.
How to Determine Your VOSB/SDVOSB Certification Requirements
The three main requirements for eligibility for both VOSB and SDVOSB certifications are that organizations meet the definition of a small business, maintain a 51 percent majority ownership of full-time veteran managers who manage day-to-day operations, and complete challenging application processes to accurately represent their business status.
How to Apply for a VOSB/SDVOSB Application: Some Tips
How to Move Things Along Quickly
The entire VOSB/SDVOSB certification process typically takes between 30 and 90 days.
The length of time it takes you to become certified will mostly depend on how busy the certifying council is when it comes to your line of work, but there are a few other elements at play that business owners can influence.
Make your business presentation better
How well you display the documented information for your company has a direct impact on how quickly it can all be handled.
It's crucial that your business information is neatly structured and simple to understand because filing complexities and clerical errors may quickly bog down the underwriting step of an application.
Maintain Consistency and Responsiveness with Your Registration Specialist
Although it has been said before, it cannot be emphasized enough.
The effectiveness of a VOSB/SDVOSB application will largely depend on how quickly and successfully business owners comply with their registration specialist's requirements. When action is required from your end, try your best to keep close contact with your specialist, just as they should be doing with you.
On that note, be careful to look for client testimonials and reviews from dependable sources to make sure the registration services you associate with are of the expert quality your business deserves.
Getting Started with Your VOSB or SDVOSB Certifications
The U.S. Government is contracting out more profitable work than ever before, and professional federal registration services are available to get you started right away toward a VOSB or SDVOSB certification.
Feel free to peruse Government Marketing's other resources or get in touch with us however you'd like if you're interested in having your qualified SDVOSB certified firm as a specific type of veteran-owned small business or want to learn more about the other aspects of registering a business to do business with the federal government.
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