[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-8972":3},{"rec_id":4,"title":5,"text":6},"8972","What is a more than 5% owner?","For a business entity that isn't a corporation, any person who owns more than 5% of the capital or profits interest in the business is considered a more than 5% owner. For example, a sole proprietor or a partner. \n\u003Cbr>\u003Cbr>\nFor a corporation, a more than 5% owner is any person who owns, or is considered to own, either of the following:\n\u003Cul>\u003Cli>More than 5% of the outstanding stock of the corporation\u003C/li>\n\u003Cli>Stock possessing more than 5% of the total combined voting power of all stock in the corporation\u003C/li>\u003C/ul>\nA related person is treated the same as an owner. \n\u003Cbr>\u003Cbr>\nFor the purposes of asset depreciation, only the following members of the family are considered related: a spouse, child, parent, brother, sister, half-brother, half-sister, ancestor, or lineal descendant.",1777391576218]