Usually yes, provided the shareholder agreement does not hand operational control back to the founder through vetoes or reserved matters. The file must describe what the buyer will actually decide.
Majority ownership can be undone by the fine print
The Foreign Affairs Manual treats 50% or more ownership as ordinarily sufficient to show the investor develops and directs the enterprise, but it also recognizes that control can be negated by agreements. A founder who keeps 40% and negotiates unanimous consent for budgets, capital expenditure, hiring of key staff and dividends has effectively retained operational control, and a consular officer who reads the shareholder agreement will notice. The buyer should hold the majority of board seats, approve the annual budget, and have authority to appoint and remove the general manager.
The founder's employment contract can give him day-to-day management within that budget; that is consistent with the buyer directing the enterprise. Describe the buyer's role in the business plan: pricing strategy, expansion into new industrial customers, safety program, capital purchases. Ownership percentage opens the door; the description of decision-making walks through it.