Business Development Contract Compliance Chinook Building 401 Fifth Avenue, 3rd Floor Seattle, WA 98104
General Contact: Send a question: Phone: 206-263-9717 TTY Relay: 711
Traditional Application Option:
Currently there are two methods available for firms seeking SCS Certification. Both methods require the same certification eligibility criteria:
Company size must not exceed 50% of the SBA's current size standard
Personal Net worth of each owner must be less than $750,000 (excludes primary residence and equity in business to be certified)
Agreement to participate in 15 hours of business development training within the 1st year of certification
The difference really comes down to the forms which are submitted to the County for review. Below is a breakdown of the forms.
CPA Affidavit Method
vs.
Traditional Method
Forms to complete and Submit:
Business Application
CPA Affidavit certifying Business Size
CPA Affidavit certifying Owner(s) Personal Net Worth
Advantages:
Business and personal financial statements are retained by the CPA and the County only receives the notarized affidavit certifying the firms eligibility.
Expedited County review - once the complete signed and notarized packet is received by the County the review is very quick and a firm can be certified in a matter of days.
Disadvantages:
In some cases the CPA may charge the applicant a fee for the review and notarization of each Affidavit.
Signed copy of the Business Federal Tax Statements for the past 3 years - used to verify business size
Attachment "A" Statement of Personal Net Worth for each Owner
Advantages:
No need to hire an outside CPA to review and certify the business and owners documentation.
Disadvantages:
Although the County has measures in place to ensure the security and privacy of all documentation submitted; some business owners have expressed concern of submitting business and personal financial documents to a government agency.
Longer review time needed for certification - current average is 30 days.
