A 20% or greater ownership position with an active role in management of the business will exempt you from that requirement: http://www.ecfr.gov/cgi-bin/text-i

A 20% or greater ownership position with an active role in management of the business will exempt you from that requirement: http://www.ecfr.gov/cgi-bin/text-idx?SID=e026726958b72eec799e7c2079828d02&mc=true&node=se29.3.541_1101&rgn=div8 http://www.ecfr.gov/cgi-bin/text-idx?SID=e026726958b72eec799... https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/flsaexemptsalarybasisexceptions.aspx https://www.shrm.org/resourcesandtools/tools-and-samples/hr-...