The post mentions startups running afoul of minimum wage and overtime laws. The linked PDF mentions that anyone who owns at least 20% of the business can be con

The post mentions startups running afoul of minimum wage and overtime laws. The linked PDF mentions that anyone who owns at least 20% of the business can be considered an exempt executive. How exactly do startups wind up running afoul of these laws? The minimum pay is under $25k/year, surely if the startup is covering each founder's living expenses, then it shouldn't be too hard to meet that especially with vesting stock.