What types of businesses qualify as a self-certified business?

In accordance with the Minority and Women Inclusion Regulation (12 C.FR. Part 1223) the following requirements must be met to qualify as a self-certified diverse-owned business:

1. More than fifty percent (50%) of the ownership or control is held, directly or indirectly, by one or more minorities, women or individuals with disabilities; and
2. More than fifty percent (50%) of the net profit or loss accrues to one or more minorities, women or individuals with disabilities