Self-Employment PASS

Requirements for a Self-Employment PASS

A PASS plan is not just for wage earners and employees. It can be a great planning tool if you are self-employed or want to start your own business. Here are some things to keep in mind:

• A PASS plan is limited to paying for start-up costs that occur within the first 18 months of your business.
• You must submit a complete business plan with your PASS application form.

For help with a business plan, you can talk to someone from:

• SCORE, a nonprofit association that offers education and mentorship to help small businesses get off the ground
• Small Business Administration (SBA)
• A Small Business Development Center (SBDC)

These agencies often offer free classes on creating business plans. They might also be able to review your plan.

You might also get help from a vocational rehabilitation counselor, business planner, your local chamber of commerce or bank, and local departments of employment and training.

Note: It is important to complete your business plan and financial planning before you begin your PASS application. This will make things a lot simpler when it’s time to answer PASS application questions.