Control Requirement
The rule that a service-disabled veteran must control both long-term decisions and day-to-day management of the firm.
The control requirement provides that one or more service-disabled veterans must control the management and daily business operations of the firm. The veteran must hold the highest officer position (e.g., CEO, President, or Managing Member), have the managerial experience to run the business, and make both long-term strategic and day-to-day operational decisions. A non-veteran cannot exercise actual control — through supermajority voting, control of a critical license, or financial dependence — even when the veteran holds 51% ownership. For SDVOSBs, the controlling veteran with the service-connected disability is the relevant owner.
Primary Sources
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