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Terms Used In Louisiana Revised Statutes 12:1192

  • 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.

The corporate name may consist of the full or last name or names of one or more voting shareholders, former voting shareholders, or members of a predecessor occupational therapy partnership, or it may consist of any other name approved by the secretary of state.  The name shall end with one of the phrases, which may be in parentheses, “A Professional Occupational Therapy Corporation”, “A Professional Corporation”, or “An Occupational Therapy Corporation”.  The name may include “Limited” or “Ltd.”.  The name need not contain “Incorporated” or “Inc.”.  

Acts 1990, No. 586, §1.