I recently ran across this situation:

A woman-owned small business recently created a new business. The new business has an affiliate who has 70% ownership share in the new business. can the new business still be classified a WOSB? If not, can the new business claim to be a small business?

Please read FAR subpart 19.15, Women-Owned Small Business (WOSB) Program, and the definition of woman-owned small business in FAR 2.101.

You didn't specify the socioeconomic status of the entity that has the 70% share of the new business.

You didn't specify the relationship between the WOSB and the new business.

5 hours ago, AAC said:

can the new business claim to be a small business?

 What type of size standard (revenue or headcount) apply to the new business?  Does the combined revenue or headcount of the new business and its affiliates exceed the NAICS code size assigned to a procurement that the new business wishes to bid on?

SBA Code of Federal Regulations (CFR) section 121.103) should be read.