New Mexico Statutes > Chapter 7 > Article 9E – Laboratory Partnership With Small Business Tax
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Terms Used In New Mexico Statutes > Chapter 7 > Article 9E - Laboratory Partnership With Small Business Tax
- Contract: A legal written agreement that becomes binding when signed.
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- 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.