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| Federal Acquisition Regulations Definition of a Service Disabled Veteran Owned Small Business (SDVOSB): |
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Definition of a Service Disabled Veteran-Owned Small Business Concern - FAR 2.101
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
- A small business concern not less than 51 percent of which is owned by one or more service disabled veterans or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more service disabled veterans, and
- The management and daily business operations of which are controlled by one or more service disabled veterans or, in the case of a veteran with permanent and severe disability, the spouse or permanent caregiver of such veteran
Service disabled veteran means a veteran as defined in 38 U.S.C. 101(2), with a disability that is service connected as defined in 38 U.S.C. 101(16). Note: There is no set-aside program for service disabled veteran-owned small business firms or for veteran-owned small business firms. However, legislation has recently been passed and signed by the President, which establishes a set-aside program for service-disabled veterans. Also, the Small Business Administration may consider a service-disabled veteran as disadvantaged for the purposes of the Section 8(a) program on a case-by-case basis.
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