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Evolution of CVE August 1999: PL signed, creating the SDVOSB 3% Goal February 2001: CVE created to help veterans in Federal space February 2003: VIP established to be accessible data base for VOSBs and SDVOSBs December 2006: PL creating the VETS First and Verification October 2010: PL new verification rules in effect

Elements of Verification Veteran Eligibility Ownership Control

Veteran Eligibility Honorable Discharge DD 214 BIRLS Not on EPLS

Ownership Total must add to 100% Unconditional Ownership Minimum By Veteran 51% Ownership Must Be Direct

Control Unconditional Control 51% of Annual Distributions No Dependence on Other Entities Control of Strategic Policy Control of Day to Day Operations Highest Officer and Compensated Control of Boards Full Time Control Community Property

Top Reasons for Denial Quorum Restrictions Transfer Restrictions Weighted Voting Requirements Dependence on Other Entities Control of Strategic Policy 51% of Distributions MGMT of Dailey Business Higher Officer Position Day to Day Management

Verification Process Pre-Application Review Initiation Examination Evaluation Determination Reconsideration Final Determination

Simplified Renewal If no Change….2 years Post Approval audit of Documents Random site Visit

Likelihood of Success 50/50

NVSBC Services Explanation of Process & Requirements Review of All Corporate Documents Assistance with Submissions Improve Likelihood of Success

What NVSBC Cannot Do Submit Documents for You Guarantee Verification

National Veteran Small Business Coalition A VA Verification Partner