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i Obtained from the US IRS Apply for an Employer Identification Number (EIN) Online | Internal Revenue Service (irs.gov) Do not include dashes
i For purposes of NMSDC’s program, a minority group member is an individual who is at least 25% Asian-Indian, Asian-Pacific, Black, or Hispanic. For Native Americans, a tribal card and a blood degree certificate are required.
i Management and daily operations must be exercised by the minority ownership member(s). The ethnic minority members(s) must be able to exercise the power over the board of directors and responsible for the strategy and direction of the enterprise.
i The ethnic minority member(s) must be a US citizen either by birth or naturalization certificate.
i The business applying for certification must be a business looking to make a profit and maximize its profit
i A business entity that is responsible for the business operations of other organizations. Holding companies are not operating companies.
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