Wis. Admin. Code § Tax 7.13 — Permissible interests

Tax 7.13(1) (1) Definitions. In this section, “ownership interest” includes, but is not limited to, any ownership in a sole proprietorship, partnership, corporation, limited liability company, or estate as an individual, partner, shareholder, member and includes an interest in a trust as a trustee or trust beneficiary.

Tax 7.13(2) (2) Ownership interests of restricted investors. For purposes of s. 125.20 (6) (a) 1. , Stats., any determination whether a person holds more than a 10 percent ownership interest in a licensee or permittee shall include ownership interests in the licensee or permittee held directly or indirectly by entities connected to the person. All ownership interests in the licensee or permittee that are held or connected to the person shall be aggregated.

Tax 7.13(3) (3) Marriage affidavits, prenuptial agreements, and marital property agreements. To be considered a permissible interest under s. 125.20 (6) (c) , Stats., a prenuptial agreement or marital property agreement submitted to a municipal clerk or the division under s. 125.20 (6) (c) 3. , Stats., shall explicitly state that the licensed or permitted business is the individual property of a spouse and is not marital property.