Q. Will certification help my firm obtain new business?
A. Yes, if your firm utilizes its certification. Revenue growth is possible and this is where the Pink Patch Group, LLC is of primary value to it clients. What the certifications provide is purchasing opportunities to firms that would otherwise not be available or unknown to your business.
Q. Do I have to be incorporated to obtain a WBE, MBE, DBE, Veteran and 8a certification?
A. Some certifications do accept sole proprietorships, others do not. As a service, The Pink Patch Group, LLC can assist with incorporation and will organize every aspect of your new business to meet the requirements of certification.
Q. Does my company have to be incorporated in the USA to qualify for certification?
A. If a foreign company has obtained the right to provide goods or services inside the U.S. and is required to file annually with Internal Revenue Service, it MAY qualify for certification. In this instance, the only way to accurately assess your company’s eligibility would be to utilize our professional services. Please call (770) 765-3660 to schedule an Eligibility Assessment.
Q. Is it true that how a company initially capitalizes or funds itself affects its overall ability to certified as Women-Owned or Minority -Owned company? And in some instance permanently?
A. Yes, many companies, unaware of certification policies, disqualify themselves from certification permanently as they begin to fund, make capitol expenditures and/or acquire assets for their new business.
Q. Will I have to provide personal financial information to become certified?
A. Yes, the certification process also involves disclosing personal financial information? All owners, officers and managers will be required to submit three (3) previous years of W-2’s and DBE, 8(a) certifications require (3) years three of personal tax returns. If you are reluctant to turn over this confidential information to the Pink Patch Group, LLC you need to be reassured that our company maintain your privacy at every level.
Q. Does a company have to be in business for two (2) years to be eligible for certification?
A. Some certifications require a two-year history others do not. For the certifications that do have this requirement, often a two-year business waiver can be obtained.
Questions about the Pink Patch Group, LLC services and fees…
Q. Does the Pink Patch Group, LLC charge a fee for its services?
A. Yes, the Pink Patch Group, LLC is a for-profit professional, consulting firm. Our fees begin at $179 and can go up depending upon the services requested. Due to variety and multitude of available certifications our fee structure is based on the type of certification(s) chosen. Some certifications are significantly more complicated to apply for in comparison to their counterparts. Additionally, company’s which have more than one owner or shareholder increase the level of complexity of any application. Finally, a company may choose to retain the Pink Patch Group for business development which also affects the fees charged.
Q. What if I want the Pink Patch Group, LLC to just review my application?
A. In instances where a company or individuals are interested in compiling their own applications, but would like a professional review prior to submission, the Pink Patch Group can provide this service at a negotiated hourly rate.
Questions…about the Eligibility Assessment service and its related fees…
Q. Is there a charge for the Eligibility Assessment?
A. YES, there is a minimum charge of $300.00 fee for this consultative service. For the Eligibility Assessment to be accurate and successful, we must have access to the individual owner(s) and/or trusted personnel who have in-depth, accurate and confidential information on the following areas related to the company’s structure:
- Original, subsequent and current ownership information
- Original, subsequent and current funding sources and finances affecting the inception and current operation of the company
- Original and current board of directors including background history such as professional experience, current income sources and ownership in any other entities
- Information of major shareholders
Please Note: Companies that retain the Pink Patch Group, LLC services may apply and subtract the original Eligibility Assessment fee to a future invoice.
Q. What is an Eligibility Assessment? What does it provide? What can I expect to learn?
A. The Pink Patch Group, LLC provides an in-depth review of your company’s eligibility to determine the following: a) Does your organization qualify for certification; b) if so, what certification(s) will benefit your company and why; c) if your company does not qualify for certification, the Pink Patch Group, LLC will specifically identify areas which would disallow your company from successfully obtaining a WBE, MBE, DBE, Veteran and 8a certification. The Pink Patch Group, LLC when appropriate, will provide proactive, concrete and strategic solutions that will allow your company to hopefully become eligible and qualify for certification.
Q. Is my Eligibility Assessment or Certification Processing fee refundable, if my company is not certified by the certifying agency.
A. No, neither the Eligibility Assessment or the Certification Processing fee is refundable. The Pink Patch Group, LLC will make an attempt to assist your company in addressing the issues that may have caused a denial of certification and in some cases those companies that fail to complete the certification process (failure to submit necessary documents).
Q. How do I schedule an Eligibility Assessment?
A. To schedule an Eligibility Assessment, please send an email to stacy.risco@pinkpatchgroup.com or call (770) 765.3660
Certification - Frequently Asked Questions
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