Louisiana Revised Statutes > Title 47 > Subtitle V > Chapter 5 – Corporate Tax Apportionment Program
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| § 47:4331 | A. Definitions. For purposes of this Section, the following words shall have the following meanings unless the context clearly indicates otherwise: |
Terms Used In Louisiana Revised Statutes > Title 47 > Subtitle V > Chapter 5 - Corporate Tax Apportionment Program
- Contract: A legal written agreement that becomes binding when signed.
- 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.