Examples of Personal net worth in a sentence
Pursuant to 49 CFR 26.67, the MRCC will require each individual owner of a firm applying to participate as a DBE and whose ownership interest is relied upon for DBE certification to submit a signed, notarized Statement of Personal Net Worth with appropriate supporting documentation that each presumptively disadvantaged owner is, in fact, economically disadvantaged.
If an individual’s Statement of Personal Net Worth shows the individual's personal net worth to exceed $1.32 million, the individual's presumption of economic disadvantage will be rebutted.
Personal Net Worth is determined as per 13 CFR 124.104(2) and 124.105(c)(2).
The relevant financial condition for eligibility under the Program is set at fifty percent of the Federal Small Business Administration (SBA) small business size standards using the North American Industry Classification System and Owners’ Personal Net Worth less than $750,000 dollars.
Tax or Vendor ID Company Name: Address: City, State, Zip: Phone #: Fax #: Email Address: To qualify for EPA DBE Status all of the following must apply: √ Certifying Eligibility Criteria: Indicate Certifying Entity : Texas Certified Historically Underutilized Business (HUB) Texas Comptroller of Public Accounts (CPA-TPASS) *Personal Net Worth less than $750,000 for each individual claiming disadvantage status (Excludes equity of primary residence and individual’s ownership interest in company).