Resident Owned Business definition

Resident Owned Business means a local business enterprise owned by an individual who is, or a majority number of individuals who are, subject to personal income tax solely in the District of Columbia.
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Resident Owned Business means a local business enterprise owned by an individual
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Examples of Resident Owned Business in a sentence

  • Bill bids $480,000 and elects a Preference as a Section 3 business concern because he qualifies as a 51% Resident Owned Business.

  • All contractors claiming a Preference in contracting by meeting any of the three Preference requirements including a Resident Owned Business, Hiring 30% of New Hires and/or Sub-contracting at least 25% of total award to a Section 3 Concern shall maintain that status throughout the life of the contract.

  • All contractors claiming a Preference in contracting by meeting any of the three qualifications including; a Resident Owned Business, Hiring 30% of New Hires and/or Sub-contracting at least 25% of total award to a Section 3 Concern shall maintain that status throughout the life of the contract.

  • Additionally, public housing authority recipients may want to consider incorporating a section on Resident Owned Business Contracting and provide the option of utilizing the alternative procurement process in Section 24 CFR Part 963.

  • A Resident- Owned Business is any business concern that is 51% owned and controlled by public housing residents.

  • The Authority also provides the same Optional Income Exclusion for any increase in income earned by a Resident Owned Business.

  • Resident Owned Business Fifty-one percent (51%) or more of the business is owed by a Section 3 Resident (either Public Housing resident, or another federally subsidized housing program, or a low-income Clermont County Resident).

  • A related party includes your spouse, child, grandchild, parent,grandparent, brother, sister, or a related corporation, S corporation, partnership, trust, estate, or tax-exempt organization.

  • All contractors claiming a Preference in contracting by meeting any of the three qualifications including; a Resident Owned Business, hiring 30% of New Hires and/or Sub-contracting at least 25% of total award to a Section 3 Concern shall maintain that status throughout the life of the contract.

  • All contractors claiming a Preference in contracting by meeting any of the three Preference requirements including a Resident Owned Business, hiring 30% of necessary employees and/or Sub-contracting at least 25% of total award to a Section 3 Business Concern shall maintain that status throughout the life of the contract.


More Definitions of Resident Owned Business

Resident Owned Business means a business enterprise owned by an individual who is, or by a majority number of individuals, who meets the definition of Resident. (zzz) “Restricted Access Area” means a designated and secure area within a Licensed Premises where Cannabis and Retail Cannabis Products are sold, possessed for sale,
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Related to Resident Owned Business

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Female owned business means a business concern which is at least 51% owned by one or more women, or, in the case of a corporation, at least 51% of the stock in which is owned by one or more women; and the management and daily business operations of which are controlled by one or more of the women who own it.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Minority-owned business means a business concern which is at least 51% owned by one or more minority persons, or in the case of a corporation, at least 51% of the stock in which is owned by one or more minority persons; and the management and daily business operations of which are controlled by one or more of the minority individuals who own it.

  • Veteran-owned business means a business that is at least 51% owned by a veteran or veterans who are U.S. citizens and who control and operate the business

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Women-owned business concern means a concern which is at least 51 percent owned by one or more women; or in the case of any publicly owned business, at least 51 percent of its stock is owned by one or more women; and whose management and daily business operations are controlled by one or more women.

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Separate Business means each of the activities of the Licensee connected

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Resident unincorporated business entity means an unincorporated business entity having an office or place of business within the Municipality.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Excluded Business has the meaning set forth in Section 6.10.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Resident Personnel means such persons who at the time of being so hired had their domicile inside India;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Micro Business means a company which either: