shall submit evidence that one or more women owners have control over the
business. Such evidence shall include, but is not limited, to the following:
(a) Signed bids and contracts.
(b) Signed debt instruments.
(c) Signed hiring decisions.
(d) Bank signature cards and bank resolution
authorizations, for savings, checking and other financial accounts.
(e) Written proof that the organizational and
governing documents of an applicant, such as limited liability company
operating agreements, partnership agreements, or articles of incorporation and
by-laws, do not contain any provision which restricts the woman owner from
exercising control of the business.
Documentation, such as résumés, showing that the women owners
have the managerial experience, knowledge and expertise - in such areas as
finance, budgeting, personnel, production, marketing and research - needed for
exercising day-to-day control over the business.
2. The department may waive the managerial
experience required in subd. 1., when a woman is starting a woman-owned
The managerial experience, knowledge and expertise of the women owners
substantially demonstrates their ability to make independent and unilateral
business decisions necessary to guide the future and destiny of the business.
The applicant may document this ability and control in a number of ways. For a
woman owner to demonstrate the extent of this control, the department may
consider the following or other aspects of a business:
(a) Authority to sign payroll checks and
letters of credit.
responsibility for insurance or bonds.
(c) Authority to negotiate and execute
contracts and financial services agreements.
(d) Ability to obtain bank authorization
Agreements for support services are permitted as long as the power of the woman
owner to control the company is not restricted or impaired, as determined by