Owner or Controlling Owner — a sole proprietor or at least 50% ownership of an unincorporated business, or sole shareholder or at least 50% shareholder of a corporation.
Actively in control — (1) having sole or predominant day-to-day
management duties at an operational and/or strategic level, as well as a controlling ownership interest in the business enterprise, company, corporation or partnership; or, alternatively,
(2) a trustee of a trust in which the trustee is also a beneficiary, where the relevant business enterprise, company, corporation or partnership, or a controlling interest in the relevant business enterprise, company, corporation or partnership, is an asset of the trust.
Controlling Shareholder — a shareholder in a corporation with either
voting control of the corporation or effective control of the corporation
through the exercise of management rights.
Founder or Co-founder — a person responsible for the formation of the
specific business enterprise, company, corporation or partnership either
individually or jointly who, at the inception of the business enterprise,
company, corporation or partnership was either an Owner, General
Partner, Majority Shareholder or Actively in control. Such founders are not required to own a majority of the company’s stock or partnership interests as long as such applicants are in direct control or co-control of the company. Control is to be determined by the EO Board in their sole
Gross Revenue -- as determined by use of GAAP in the USA. For
company’s involved in Broker/Dealer activities, cost of goods or services
brokered do not count as gross revenue, only commissions from the sale
of such goods or services would be considered gross revenue.