SBA OHA’s Finding of Control by an Owner with 1/120th Ownership Demonstrates Breadth of Multiple Minority Shareholder Affiliation Rule

A recent decision by the Small Business Administration's Office of Hearings and Appeals found that a small business that owned only one out of 120 shares of stock in a non-widely held corporation had the power to control the corporation, and thus was affiliated with the corporation in which it held the single interest.