Tennessee Code 50-6-903 – Criteria for applying for exemption
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Terms Used In Tennessee Code 50-6-903
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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.
- Department: means the department of labor and workforce development. See Tennessee Code 50-6-102
- Employee: includes every person, including a minor, whether lawfully or unlawfully employed, the president, any vice president, secretary, treasurer or other executive officer of a corporate employer without regard to the nature of the duties of the corporate officials, in the service of an employer, as employer is defined in subdivision (11), under any contract of hire or apprenticeship, written or implied. See Tennessee Code 50-6-102
- Engaged in the construction industry: means any person or entity assigned to the contracting group as those classifications are designated by the rate service organization designated by the commissioner of commerce and insurance as provided in §. See Tennessee Code 50-6-901
- Family-owned business: means a business entity in which members of the same family of the applicant have an aggregate of at least ninety-five percent (95%) ownership of such business. See Tennessee Code 50-6-901
- Member of a limited liability company: means any member of a limited liability company formed pursuant to title 48, chapters 201-249 that is active and in good standing as reflected in the records of the secretary of state. See Tennessee Code 50-6-901
- Partner: means any person who is a member of an association that is formed by two (2) or more persons to carry on as co-owners of a business or other undertaking for profit and such association is active and in good standing as reflected in the records of the secretary of state. See Tennessee Code 50-6-901
- 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.
- provider: means any person or entity engaged in the construction industry. See Tennessee Code 50-6-901
- Sole proprietor: means one (1) person who owns a form of business in which that person owns all the assets of such business. See Tennessee Code 50-6-901