As of 2024SBA SDVOSB
Detailed Answer
SDVOSB eligibility has specific requirements:
**Basic requirements:**
- 51% owned by service-disabled veteran(s)
- Controlled by service-disabled veteran(s)
- Meet small business size standard for primary NAICS
- Veteran must manage daily business operations
**Service-disabled veteran defined:**
- Discharged under honorable conditions
- Service-connected disability rated by VA
- Any disability percentage qualifies (0%+)
- Rating must be documented
**Ownership requirements:**
- Direct ownership (not through trusts typically)
- Unconditional ownership
- Economic interest must match voting rights
- Can include multiple service-disabled veterans
**Control requirements:**
- Highest officer position
- Day-to-day management control
- Long-term strategic control
- Cannot be dependent on non-SDVOSB party
**Certification process:**
- SBA now certifies SDVOSB (as of January 2023)
- VetCert required for VA contracts
- Self-certification no longer sufficient for new applications
- Existing self-certified businesses must certify by 2025
**Documents needed:**
- DD-214 (discharge papers)
- VA disability rating letter
- Business ownership documents
- Operating agreement/bylaws
- Financial statements
**Benefits:**
- SDVOSB set-aside contracts
- Sole source authority up to $5M (services) / $7M (manufacturing)
- Evaluation preferences on some contracts
Verified Facts
- ✓
SBA now certifies SDVOSBs as of January 2023
Source: SBA (verified 2024-01)