StacksVerified U.S. regulatory reference

13 CFR §126.201

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
For purposes of qualifying for HUBZone certification, SBA considers any person who owns any legal or equitable interest in a concern to be an owner of the concern. If an Employee Stock Ownership Plan owns all or part of the concern, SBA considers each stock trustee and plan member to be an owner. If a trust owns all or part of the concern, SBA considers each trustee and trust beneficiary to be an owner. In addition:
  1. (a)Corporations. SBA considers any person who owns stock, whether voting or non-voting, to be an owner. SBA considers options to purchase stock and the right to convert debentures into voting stock to have been exercised.
  2. (b)Partnerships. SBA considers all partners, whether general or limited, to be owners in a partnership.
  3. (c)Sole proprietorships. The proprietor is the owner.
  4. (d)Limited liability companies. SBA considers each member to be an owner of a limited liability company.