13 CFR 134.607 – How do I know which eligibility requirement applies to me?
Current as of: 2024 | Check for updates
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Follow this chart to determine your eligibility. You should calculate your net worth and the number of your employees as of the date the administrative proceeding was initiated.
Terms Used In 13 CFR 134.607
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
| If your participation in the proceeding was: | Eligibility requirements: |
|---|---|
| (1) As an individual rather than a business owner | (1) Personal net worth may not exceed 2 million dollars. |
| (2) As owner of an unincorporated business | (2) Personal net worth may not exceed 7 million dollars, and No more than 500 employees. |
| (3) As a partnership, corporation, association, organization, or unit of local government | (3) Business net worth may not exceed 7 million dollars, and No more than 500 employees. |
| (4) As a charitable or other tax-exempt organization described in 26 U.S.C. § 501(c)(3) or a cooperative association as defined in 12 U.S.C. § 1141j(a) | (4) No net worth limitations, and No more than 500 employees. |