Definitions

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As used in this subchapter:

  1. (1) “Business” means a person or entity that:

    1. (A) Performs a service or engages in a trade for profit and is required by the Internal Revenue Service to file a:

      1. (i) Schedule C, Form 1040, Profit or Loss From Business, or its equivalent or successor form;

      2. (ii) Schedule E, Form 1040, Supplemental Income and Loss, or its equivalent or successor form; or

      3. (iii) Schedule F, Form 1040, Profit or Loss From Farming, or its equivalent or successor form, for that activity; or

    2. (B) Is organized as a business under this chapter, including an entity that is required to file an annual report with the Secretary of State, whether or not the entity performs a service or engages in a trade or business for profit;

  2. (2) “State business license” means any license issued to a business in this state; and

  3. (3) “Wages” means any remuneration paid for personal services, including commissions and bonuses, and payable in any medium other than cash.


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