Under IOI and planning on using SBA 7a.

My wife will maintain her full-time job and may be able to avoid the personal guarantee (to be determined).

However, I expect my wife will be working in the business on a part-time basis and we would like to benefit from women owned business advantage to potentially expand into government work.

Thus, we would need to make my wife the majority owner I believe. From a high level, I am weighing the trade-off of her personal guarantee versus minority-owned advantages.

I don't know a whole lot about minority-owned advantages, so maybe if she is not working FT in the business, we wouldn't qualify regardless.

Any thoughts?