“A proposed rule from SBA will make changes to the SDVOSB rules. SBA has modified its rules allowing surviving spouses to continue owning Service-Disabled Veteran-Owned Small Businesses after the veteran owner has passed away. This should provide some help to spouses of disabled veterans. SBA has updated a few dollar thresholds as well…”
“The new rule adopts changes to the treatment of service-disabled veteran surviving spouses made by the National Defense Authorization Act of 2020. The main change is to now provide a three-year window for a surviving spouse to run the SDVOSB business where the veteran owner had ‘a service-connected disability rated as less than 100 percent disabling’ and ‘who does not die as a result of a service-connected disability.’
This is good news because it will apply to many more service-disabled veterans than the old rule, as many veterans do not have a 100% rated disability. This will allow the spouse of an SDVOSB owner to have a transition period to keep running the company as an SDVOSB for limited period of time…” Read the full article here.
Source: SBA Updates Veteran Surviving Spouse Rule – By Shane McCall, November 11, 2021. SmallGovCon.
