Texas Government Code 2006.001 – Definitions
Terms Used In Texas Government Code 2006.001
- 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.
- Population: means the population shown by the most recent federal decennial census. See Texas Government Code 311.005
In this subchapter:
(1) “Micro-business” means a legal entity, including a corporation, partnership, or sole proprietorship, that:
(A) is formed for the purpose of making a profit;
(B) is independently owned and operated; and
(C) has not more than 20 employees.
(1-a) “Rural community” means a municipality with a population of less than 25,000.
(2) “Small business” means a legal entity, including a corporation, partnership, or sole proprietorship, that:
(A) is formed for the purpose of making a profit;
(B) is independently owned and operated; and
(C) has fewer than 100 employees or less than $6 million in annual gross receipts.
(3) “State agency” means a department, board, bureau, commission, division, office, council, or other agency of the state and includes an officer who is authorized by law to determine contested cases.