To determine "control" of a company by definition under Reg O, it statest that a person is presumed to have control if the person is
and executive officer or director of the company and...........

Reg O also defines an executive officer of a company as a person who participates or has authority to participate in major policymaking functions of the company, whether or not the officer has an official title......

My question is if the realted interest of a director is an LLC and the director is a member (they don't title them as executive officers/directors) and he has a 1/4 interest, do you think there is a case to classify him/her as an executive officer of the company?
Last edited by Shopgirl; 03/17/09 03:53 PM.