{"data":{"id":"us/29-cfr-541.101","jurisdiction":"us","citation":"29 CFR 541.101","heading":"Business owner.","body":"The term “employee employed in a bona fide executive capacity” in section 13(a)(1) of the Act also includes any employee who owns at least a bona fide 20-percent equity interest in the enterprise in which the employee is employed, regardless of whether the business is a corporate or other type of organization, and who is actively engaged in its management. The term “management” is defined in § 541.102. The requirements of Subpart G (salary requirements) of this part do not apply to the business owners described in this section.","path":["Title 29—Labor","Subtitle B—Regulations Relating to Labor","CHAPTER V—WAGE AND HOUR DIVISION, DEPARTMENT OF LABOR","SUBCHAPTER A—REGULATIONS","PART 541—DEFINING AND DELIMITING THE EXEMPTIONS FOR EXECUTIVE, ADMINISTRATIVE, PROFESSIONAL, COMPUTER AND OUTSIDE SALES EMPLOYEES","Subpart B—Executive Employees"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-29.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:20Z","sha256":"bcfcfe2597538fba6990e86ecca543d093c9dee2afe9960a2ac580d4caeba011","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-541.100","next":"us/29-cfr-541.102"},"notice":"GroundRules: Original legal text. Not legal advice."}