Indiana Code 1-1-16-1. “Company”
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Sec. 1. (a) As used in this chapter, “company” means any of the following that exists to make a profit:
(2) An organization.
(1) A sole proprietorship.
Terms Used In Indiana Code 1-1-16-1
- company: means any of the following that exists to make a profit:
Indiana Code 1-1-16-1
- 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.
(3) An association.
(4) A corporation.
(5) A partnership.
(6) A joint venture.
(7) A limited partnership.
(8) A limited liability partnership.
(9) A limited liability company.
(10) A business association.
(b) The term includes:
(1) a wholly owned subsidiary;
(2) a majority owned subsidiary;
(3) a parent company; or
(4) an affiliate;
of an individual, entity, or association described in subsection (a)(1) through (a)(10).
As added by P.L.118-2023, SEC.3.