Wisconsin Administrative Code
Department of Administration
Chapter Adm 83 - Woman-owned business certification program
Section Adm 83.24 - Determination of ownership
Current through February 26, 2024
(1) An applicant shall meet all of the following eligibility standards:
(2) Contributions of personal or professional services alone are not real and substantial for the purposes of this section, except these contributions shall receive consideration when given in conjunction with other tangible forms of investment. Other insufficient contributions include, but are not limited to, promises to contribute capital or expertise in the future, a note payable to the business or to its owners who are not women, or the mere participation as an employee.
(3) Women shall hold at least 51% of the securities that constitute ownership of a business.
(4) Securities or assets of a business that are held in trust are not considered as held by a woman in determining the ownership of a business, except under the following circumstances:
(5) The department may not consider securities that are held by any guardian for a minor, in determining ownership and control.
(6) An ownership interest arising in a male spouse solely because of the operation of marital property laws may not disqualify an applicant from certification if both spouses certify that the female performs the majority of the control and management of the business.