‘Business’ means a proprietorship, corporation, partnership, association, trust, unincorporated organization or other enterprise doing business in this State.

Terms Used In Nevada Revised Statutes 97B.040

  • 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.
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