Minority Owner’s Veto Power Over Extraordinary Actions Does Not Provide Negative Control Over Firm; SBA No. SIZ-5956, Size Appeal of Southern Contracting Solutions III LLC
Appeal of the area office size determination is sustained, where the firm’s operating agreement gave its minority owner veto power over extraordinary actions, not daily operational decisions, and therefore the minority owner could not exercise negative control and the minority owner’s other business concerns were not affiliated with the firm.
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