In order to become certified as a woman-owned business
enterprise, a business shall meet all of the following eligibility
The business satisfies
all of the criteria in the WBE definition in s.
(2) If the business is a sole proprietorship,
a woman owns 100% of the company assets.
the business is a partnership, 2 or more persons agree to carry on a business
or venture together, upon the terms of mutual participation in the profits and
losses of the business. The partnership is a contract of mutual agency, each
partner acting as a principal in her or his own behalf and as agent of his or
her co-partners, and general rules of law applicable to agents shall apply with
equal force in determining rights and liabilities of partners.
(b) If the business is a general partnership,
one or more women own at least 51% of the partnership interests.
(c) If the business is a limited partnership,
one or more women general partners own at least 51% of the general partnership
interest and exert at least 51% of the control among general partners. The
women general partners receive at least 51% of the profits and benefits,
including tax credits, deductions and postponements. In addition, the women
limited partners shall own at least 51% of the limited partnership interests
and receive at least 51% of the profits and benefits, including tax credits,
deductions and postponements.
(4) If the business is a limited liability
company, one or more women own at least 51% of membership interests in the LLC
organization, and exert at least 51% of the management and control among the
members. The women owners also participate in all risks and profits of the
organization at a rate commensurate with their membership interests.
If the business has a corporate form of
organization, one or more women own at least 51% of all voting stock of the
corporation. Any voting agreements among the shareholders do not dilute the
beneficial ownership, the rights, or the influence of the women owners of the
stock or classes of stock of the corporation. The women owners possess the
right to all customary incidents of ownership, such as the ability to transfer
stock, title possession, and enter binding agreements.
Note: Nonprofit corporations do not meet the requirements in
sub. (5) and are therefore not eligible for certification.
(6) If the business is a joint venture, one
or more woman-owned businesses hold at least 51% of the beneficial ownership
interest in the joint venture, and exert at least 51% of the control and
management of the joint venture. The woman-owned business partners of the joint
venture are certified or are eligible for certification as woman-owned business
(7) If the business is
a subsidiary or affiliate, one or more women own at least 51% of the parent