ARTICLES

Benefits of Being a Woman-Owned Business

The role of women in the workplace and business world at large has changed dramatically over the past several decades, yet there still exists a substantial gap between males and females in the corporate world. Research studies have shown that women receive less compensation than their male counterparts at the same experience and skill level. Moreover, it is still comparatively rare for women to hold majority ownership in corporate interests.

The Women’s Business Enterprise National Council offers a certification program for American businesses to verify that 51 % or more of the company’s ownership is in the hands of one or more women. Similar recognition is also available through state and federal agencies. The Minneapolis business lawyers of Skjold ▪ Barthel can help you obtain this confirmation of your enterprise’s commitment to strong female representation in the corporate world. Contact us at 612-746-2560.

Opportunities and Appeal of Certification

There are a number of reasons why it may be beneficial for your company to seek WBENC or government certification that will vary with the characteristics and nature of your business’s work. For example, some consumers and business partners may be seeking women-owned business interests because they have a desire to support female entrepreneurship. Beyond that, however, there are numerous other concrete rewards out there for pursuing this extra acknowledgement, including:

• Access to loans and grants
• Business development opportunities
• Training and other guidance
• Preferred status in some negotiations

Contact Us

There is a time to capitalize on your company’s status as a predominantly female-owned business, and that time is now. Contact the Minneapolis business lawyers of Skjold ▪ Barthel at 612-746-2560.