My company is veteran-owned, and we're looking into getting SDVOSB certified with the SBA. We do court reporting and legal support services. We've been looking at some federal opportunities, specifically a sources sought notice for the VA, and saw they were looking for SDVOSBs. We understand that the certification moved from the VA to the SBA. What are the current ownership and control requirements for SDVOSB certification now that it is handled by the SBA? What does "control" mean in this context?
What are the current ownership and control requirements for SDVOSB certification?
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The current ownership and control requirements for SDVOSB certification by the SBA mandate that a concern must be at least 51 percent owned and controlled by one or more veterans. This change in certification authority, from the Department of Veterans Affairs to the SBA, took effect on January 1, 2023, as outlined in the NDAA for Fiscal Year 2021. Your company must apply to the SBA for this certification. The term "control" in this context means that the veteran owner or owners must manage the day-to-day operations, make long-term decisions, and hold the highest officer position in the company. The SBA reviews the business's legal structure, bylaws, and operational agreements to ensure the veteran owner or owners maintain both unconditional ownership and operational control.