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Monthly Archives: February 2012

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Is the personal net worth cap different for businesses seeking certification as a disadvantaged business enterprise (DBE)?

By: James R. Benjamin, Jr., Esquire                                    jbenjamin@pklaw.com Yes. Personal net worth refers to the net value of the assets of an individual remaining after total liabilities are deducted. It includes the individual’s share of assets held jointly or as community property with the individual’s spouse. It does not include the individual’s ownership interest in the business applying for certification and does not include the equity in the individual’s primary place of residence. Businesses applying for … Continue reading