GSDT Fintech Group Inc. (GSDT)

[ShadowNT]

SDVOSBC qualifications:

(2) SMALL BUSINESS CONCERN OWNED AND CONTROLLED
BY SERVICE-DISABLED VETERANS.—The term ‘small business concern
owned and controlled by service-disabled veterans’ means
a small business concern—
(A) not less than 51 percent of which is owned by
one or more service-disabled veterans or, in the case of
any publicly owned business, not less than 51 percent
of the stock of which is owned by one or more service disabled
veterans; and
(B) the management and daily business operations
of which are controlled by one or more service-disabled
veterans or, in the case of a veteran with permanent and severe disability, the spouse or permanent caregiver of
such veteran.


SDVO Business Control
To be an eligible SDVOSBC the following must be met:

The management and daily business operations of the concern must be controlled by one or more service-disabled veterans.

Control by one or more service-disabled veterans means that both the long-term decision making and the day-to-day management and administration of the business operations must be conducted by one or more service-disabled veterans

The management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a service-disabled veterans or, in the case of a service-disabled veteran with permanent and severe disability, the spouse of permanent caregiver of such veteran

Service-disabled veteran means a veteran with a disability that is service-connected.

Ownership must be direct. Ownership by one or more service disabled veterans must be direct ownership.

A concern owned principally by another business entity that is in turn owned and controlled by one or more service-disabled veterans does not meet this requirement.


Therefor JS PRINCIPALLY controls EVRM - while SLS holds many shares of EVRM - they are exempt because they do not PRINCIPALLY own EVRM.