Small Business Concern Owned and Controlled by Women Law and Legal Definition

According to 15 USCS § 632 (n) [Title 15. Commerce and Trade; Chapter 14A. Aid to Small Business], a small business concern is a small business concern owned and controlled by women “if--

(1) at least 51 percent of small business concern is owned by one or more women or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more women; and

(2) the management and daily business operations of the business are controlled by one or more women.”