Nevada Revised Statutes 634.0125 – ‘Business entity’ defined
‘Business entity’ means a sole proprietorship or any lawful fictional entity by which business may be conducted lawfully in this State. The term does not include:
Terms Used In Nevada Revised Statutes 634.0125
- 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.
- Executor: A male person named in a will to carry out the decedent
- 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.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- physician: means a person who engages in the practice of medicine, including osteopathy and homeopathy. See Nevada Revised Statutes 0.040
1. A facility wholly owned by one or more persons licensed pursuant to this chapter or chapter 630 or 633 of NRS;
2. A sole proprietorship or partnership that consists solely of persons who are licensed pursuant to this chapter or chapter 630 or 633 of NRS;
3. A professional corporation or professional limited liability company, the shares of which are wholly owned by a person or persons licensed pursuant to this chapter or chapter 630 or 633 of NRS;
4. An administrator or executor of the estate of a deceased chiropractic physician or a person who is legally authorized to act for a chiropractic physician who has been adjudicated to be incapacitated for not more than 1 year after the date of the death or incapacitation of the chiropractic physician; or
5. A medical facility licensed pursuant to chapter 449 of NRS.