Wisconsin Administrative Code
Department of Administration
Chapter Adm 84 - Minority business certification program
Section Adm 84.06 - Documentation of ownership
Current through February 26, 2024
The department shall require documentation of the ownership of at least 51% of the business by a minority owner or owners:
(1) Documentation may include, but is not limited to, the following: current business income tax return, current business financial statement, business licenses, buy-out agreements and financial agreements.
Note: A stock affirmation form may be obtained, at no charge, from: WI Supplier Diversity Program, Department of Administration, P.O. Box 7970, Madison, WI 53707-7970.
(2) The department may require documentation showing how and when the minority owner's or owners' interest in the business was acquired.
(3) In those instances when an ownership interest arises in a nonapplicant nonminority spouse because of the operation of marital property laws, the department may request a signed marital property waiver form in which both spouses certify that only the minority spouse controls and manages the business or an affidavit stating that a marital property agreement has been signed in which the nonminority spouse relinquishes control and management of the business.
A marital property waiver form may be obtained, at no charge, from: WI Supplier Diversity Program, Department of Administration, P.O. Box 7970, Madison, WI 53707-7970.