Veteran-Owned Certification – Top 10 Reasons for Denial

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Your business may clearly be veteran-owned, but many applications are denied because of failure to establish control in decision-making and day-to-day management of the business.

The veteran-owner must have full control over the day-to-day management, decision-making, and strategic policy of the business; possess experience needed to manage the business; be the highest-compensated employee (or explain how taking lower compensation benefits the business); devote full-time to the business; hold the highest officer position; and can exercise independent business judgment.

Top Ten Reasons for Denial:

  • Full-Time Devotion
  • Outside employment impact
  • Undue influence
  • Day-to-day management and administration
  • Control of decision-making, serve as management member
  • Managerial experience/critical license
  • Profits and distributions
  • 51% ownership
  • Highest officer position
  • Legal organization/licensing

 

For a complete list of documents required for application – click here.  From the drop-down list, choose Sole Proprietor, LLC, Partnership or Corporation

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