LexisNexis® Legal Newsroom
Duane Morris Alert-SBA Rules: Investment Funds Can Now Be Majority Owners of SBIR Companies

Under the new SBA rules, a business participating in the SBIR program is no longer required to be majority owned and controlled by U.S. citizens or permanent resident aliens or by a single business that is majority owned and controlled by U.S. citizens or permanent resident aliens. The Small Business...