Indiana Code 5-10.2-11-4. “Business”
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Sec. 4. (a) As used in this chapter, “business” means any of the following that exist for profit making purposes:
(2) An organization.
(1) A sole proprietorship.
Terms Used In Indiana Code 5-10.2-11-4
- business: means any of the following that exist for profit making purposes:
Indiana Code 5-10.2-11-4
- 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 all wholly owned subsidiaries, majority owned subsidiaries, parent businesses, and affiliates of such entities or business associations that exist for profit making purposes.
As added by P.L.177-2016, SEC.1.