A reduction in FTEs for any such employee does not reduce the Borrowers loan forgiveness Owner employees are excluded from the FTE calculation The Borrower should not calculate FTEs for those individuals that are deemed owner-employees of the company. For S and C Corporations, to be deemed an owner, an employee must own at least 5% of the company stock. If an LLC is treated as an S-Corporation for tax purposes, the same 5% rule applies. See Anchin Alerts dated...

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I entreated, and finally attempted to force her to retire And sliding from the bed before I could hinder her, she crossed the room, walking very uncertainly, threw it back, and bent out, careless of the frosty air that cut about her shoulders as keen as a knife. But I soon found her delirious strength much surpassed mine (she was delirious, I became convinced by her subsequent actions and ravings). There was no moon, and everything beneath lay in misty...

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