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It completely depends on whether you're active or passive. And even then, who says partners are active or passive? When I started at Goldman in 1993, active managers were called Partners and retired managers were called Limited Partners. You need to be more specific with your question.
as a part owner of the greatest sports organization in world history, the Green Bay Packers, i can say without equivocation that an ownership stake as small as 0.000001% still constitutes ownership
They could call you a partner if they want. As @bigbottom noted, the first question is whether the business is a partnership, inc., LLC or some other form of business entity.
I don't know, I have worked in many venture capital funded startups, and 5% seems very high unless you are a founding member. I would guess most non-executives have something closer to 0.04% to 0.2% depending on title and duration with the company. The vast majority of shares are held by founders and financiers. Also, make sure you have in writing some way to get back shares from founders and early contributors. Some founding collaborator (who is not a member of the company, and was mainly licensing his IP) was fired in the middle of a board meeting for generally not contributing anything and wasting a ton of the companies money with random guesses, but there was no way to get back his founders shares so he still has something like 5-10% of the company.
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