small business concern

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USPTO Patent | Trademark DictionaryDownload this dictionary
small business concern
for purposes of small entity determination per MPEP 509.02 - any business concern meeting the size standards set forth in 13 CFR Part 121 to be eligible for reduced patent fees. Questions related to size standards for a small business concern may be directed to: Small Business Administration, Size Standards Staff, 409 Third Street, SW, Washington, DC 20416.

-- see MPEP 509.02 for more

Context: General 

The Lectric Law Library DictionaryDownload this dictionary
Small Business Concern
A concern, including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualified as a small business under the criteria and size standards in 13 CFR Part 121.

Any concern, firm, person, corporation, partnership, cooperative, or other business enterprise which, under 15 U.S.C. 637(b)(6) and the rules and regulations of the Small Business Administration in Part 121 of Title 13 of the Code of Regulations, is determined to be a small business concern for the purpose of Government contracting.

A small disadvantaged business concern is a small business concern that is at least 51 percent unconditionally owned by one or more individuals who are both socially and economically disadvantaged, or a publicly owned business that has at least 51 percent of its stock unconditionally owned by one or more socially and economically disadvantaged individuals and that has management and daily business controlled by one or more such individuals.

Courtesy of the 'Lectric Law Library.

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