How Can You Protect Your SDVOSB Certification ?
Every business needs a strong foundation to survive the rat race. So, if you do not structure it right from the beginning, it’s never going to pay off. The same is true for the service-disabled veterans starting a small business, it is important to know the checklist of what is necessary to show service-disabled veteran-owned small business (SDVOSB) status. The veteran must always have 51% interest, he must always be the president or CEO (ie, hold the highest position), and he must always exercise managerial authority over his business. If these provisions are not clearly set forth in corporate documents, SDVOSBs leave themselves vulnerable to protests and the loss of their SDVOSB status. For that, all they need is a protection of their sdvosb certification . Let’s talk about the family-owned business that won a set-aside for constructing a parking garage last year. But, unfortunately their SDVOSB status was challenged by a disappointed bidder. It was a father and son team, and the