Succession Plan Improperly Conditioned Veteran’s Ownership of Company, Negating Business’s SDVOSB Status; In the Matter of ALOG Corporation, SBA No. VET-285
Appeal of SBA decision finding that company did not qualify as a service-disabled veteran-owned small business is denied. Under SBA’s regulations an SDVOSB must be unconditionally owned by a service-disabled veteran. The SBA found the appellant did not qualify as an SDVOSB because its principals had executed an agreement that conditioned the ownership of a […]