Service-Disabled Veteran-Owned Small Business Concern Law and Legal Definition

Service-disabled veteran-owned small business concern --

(1) Means “a small business concern --

(i) 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

(ii) 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 veteran with permanent and severe disability, the spouse or permanent caregiver of such veteran.

(2) Service-disabled veteran means a veteran with a disability that is service-connected.” (48 CFR 2.101)