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For assistance, contact us at 800.696.4543 or info@claremontcompanies.com.
Login To PrismAre owners and/or partners exempt from the $50K income average?
Yes. Employees do not include independent contractors (including sole proprietors), partners in a partnership, shareholders owning more than 2% of an S-corp, and any owners of more than 5% of other businesses. Employees also do not include family members of the owners and partners. Family members include a child (or descendent of a child); a sibling or step-sibling; a parent (or ancestor of a parent); a step-parent; a niece or nephew; an aunt or uncle; and in-laws. A spouse of any of these family members is also considered a family member.
There may be a more recent answer to this question. Contact Claremont for an update.
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