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cljc1234
New Member

My husband owns 0.019% of stock in the company that he works full time for. Do we say then that he "materially participates" in the business?

 
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1 Reply
Carl
Level 15

My husband owns 0.019% of stock in the company that he works full time for. Do we say then that he "materially participates" in the business?

No, he doesn't materially participate unless he has a significant say in how the business is run. If he's just an employee, then he doesn't make those high level decisions.

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