Indiana Code 2-2.2-1-2. “Business entity”
Current as of: 2023 | Check for updates
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Sec. 2. “Business entity” refers to any of the following:
(2) A professional practice.
(1) A sole proprietorship.
Terms Used In Indiana Code 2-2.2-1-2
- 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.
(3) An unincorporated association.
(4) A partnership.
(5) A limited partnership.
(6) A limited liability partnership.
(7) A corporation.
(8) A professional corporation.
(9) A limited liability company.
(10) A trust.
(11) A business trust.
(12) A real estate investment trust.
(13) Any other form of organization permitted under Indiana law for business purposes.
As added by P.L.123-2015, SEC.2.