North Carolina General Statutes > Chapter 59 > Article 3A – Miscellaneous Provisions
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| § 59-84.1 | Partnership to comply with Assumed Business Name Act; income taxation |
Terms Used In North Carolina General Statutes > Chapter 59 > Article 3A - Miscellaneous Provisions
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3