majority owned business definition
A minority owned business is a solely owned business or a business where at least. 51% of the stock is owned by one or more minority individuals.Further, the. management and daily business operations are controlled by one or more minority. individuals.Control in this context means, exercising the power to make policy. decisions.1% of the stock is owned by one or more minority individuals. Further, the. management and daily business operations are controlled by one or more minority. individuals. Control in this context means, exercising the power to make policy. decisions.