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Since defining ownership and requirements can be a complex chain of documentation for applicants businesses to navigate, MySBA Certifications launched the Controlling Entity Dashboard - a digital profile meant to store all holding company data, no matter how many layers of separation exist in the organizational structure. This controlling entity profile will allow the applicant business to identify its controlling entity within the MySBA Certifications system (or establish the entity in the system, if needed), and then assign a POC from that controlling entity to provide documentation and verification of the entity's majority ownership of the business applying for certification. The profile will also allow the POC to manage notifications from all EO applicant firms, update their subsidiary matrix, and keep contributor information up-to-date.

Users

In the MySBA Certifications application process, the EO process will be initiated by the applicant business. From there, Controlling Entities can establish themselves as an approved Controlling Entity, manage subsidiaries and contributors, and view their application progress. Below is a high-level view of the roles in the MySBA Certifications EO application process:

• Entity-Owned Applicant Businesses:

  • Request EO connection with an existing Controlling Entity

    • Note: Applicant firms can complete and submit an application before their connection request is approved. Applications with rejected EO connection requests will be pushed back to the applicant business and the applicant business will have to request connection with another Controlling Entity or restart their application as a non-EO applicant business.

  • Initiate a New Controlling Entity Request form

    • Note: This is the only way a new Controlling Entity can be established in MySBA Certifications. EO applicant firms may proceed with the application process but will not be able to submit their application until the Controlling Entity has been approved. If their Controlling Entity Request form has been denied, the EO applicant business must request connection with another Controlling Entity or restart their application as a non-EO applicant business.

• Controlling Entities:

  • Complete the Controlling Entity Request Onboarding Form

  • Create and manage the subsidiary structure of the Controlling Entity

  • Create and manage Controlling Entity contributors

  • View and oversee all applicant business notifications in the MySBA Certifications process

What’s to come in the handbook

In this handbook, you can expect in-depth guides on how to:

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