<p>Seems like business owners are getting quite a break with the under 100 employee classification for FAFSA. Example: someone owns a small business, say a pizza shop in a high end neighborhood(perhaps a water view.) The real estate alone could be worth a fortune. The land according to FAFSA is not considered an asset though if the business has under 100 employees. </p>
<p>"89. Net worth of business and/or investment farm. Business or farm value includes the current market value of land, buildings, machinery, equipment, inventory, etc. Do not include your parents' primary home. Do not include the net worth of a family owned and controlled small business with not more than 100 full-time or full-time equivalent employees." </p>
<p>So basically 2 people can own a second piece of land in an expensive area. Person A has a business on that land so that real estate lot is not a factor according to FAFSA. Person B has empty lot adjacent to Person A, but he must include that expensive piece of real estate as an investment asset. Both could sell if they wanted to, but person A is definitely catching a break in not having to declare his land as an asset. </p>
<p>As I've posted before...many, many gray areas when figuring who gets FA and he doesn't.</p>