Service-Disabled Veteran-Owned Small Business
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Service-Disabled Veteran-Owned Small Business
Service-Disabled Veteran-Owned Small Business (SVOSB) is a company diversity registration designated under the Veteran Benefits, Health Care, and Information Technology Act (Public Law 109-461). Registration ensures that companies qualify for preferential procurement for federal contracts if they are owned and controlled by Veterans.
This certification is non-industry specific and requires that the firm meets the small business requirements established by the Small Business Administration (SBA). Additionally, it requires that the company is at least 51% owned, operated, and controlled by a veteran.
SDVO Business Control
To be an eligible SDVOSB the following must be met:
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The management and daily business operations of the concern must be controlled by one or more service-disabled veterans.
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Control by one or more service-disabled veterans means that both the long-term decision making and the day-to-day management and administration of the business operations must be conducted by one or more service-disabled veterans
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The management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a service-disabled veterans or, in the case of a service-disabled veteran with permanent and severe disability, the spouse of permanent caregiver of such veteran
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Service-disabled veteran means a veteran with a disability that is service-connected.
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Ownership must be direct. Ownership by one or more service disabled veterans must be direct ownership.
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A concern owned principally by another business entity that is in turn owned and controlled by one or more service-disabled veterans does not meet this requirement.
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