Appropriate Job title

I'm Director of Business Development at an online retailer that has around 15 employees. Although I am not the founder of the company, since I joined later on, I still have an ownership stake in the company (ceo owns the rest).

The company ceo and I have our own capital tied up in the inventory, share in the operating expenses and get paid a % of company profit.

On my b-school application/resume, besides listing the Business development title, can I list myself as an Equity partner or something to that extent that would signify that Im not a 'salary' employee of the company? I'm not exactly the entrepreneur that started this company but I did grow the company from a much smaller operation, and the ceo considers me his 'business partner'.

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