Who is considered to have a financial interest in a barbering or cosmetology business?

A licensed barber, licensed cosmetologist, or an investor in the business is considered to have a financial interest in a barbering or cosmetology business because they directly contribute to the ownership and profit-sharing of the establishment. Licensed barbers and cosmetologists provide the professional services essential to the operation of the business, while investors provide capital which allows the business to function and potentially grow.

Having a financial interest implies involvement in the business’s economic performance, which includes sharing in profits, making financial decisions, and bearing risks associated with the business’s success or failure. This distinguishes them from other groups like salon employees, cosmetic suppliers, or customers, who may have different roles but do not hold a direct financial stake or ownership in the business itself.