Your business can be formally recognized  as a minority-owned business by getting an official certification. In order to be certified by the National Minority Supplier Development Council, the business must be 51% owned by minorities and the owners must be U.S. citizens. The owners will need to fill out an application, provide official documentation from the business, pay a fee, and schedule a site visit. You can also be certified as a minority-owned business by some states, cities, and the Small Business Administration.