Arkansas § 4-27-1903 Definitions

Arkansas Statutes

§ 4-27-1903 — Definitions

Arkansas § 4-27-1903

Title4

This text of Arkansas § 4-27-1903 (Definitions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-27-1903 (2026).

Text

As used in this subchapter:

(1)"Business" means a person or entity that:

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

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

(ii)Schedule E, Form 1040, Supplemental Income and Loss, or its equivalent or successor form; or (iii) Schedule F, Form 1040, Profit or Loss From Farming, or its equivalent or successor form, for that activity; or (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)"State business license" means any license issued to a business i

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As used in this subchapter: (1) "Business" means a person or entity that: (A) Performs a service or engages in a trade for profit and is required by the Internal Revenue Service to file a: (i) Schedule C, Form 1040, Profit or Loss From Business, or its equivalent or successor form; (ii) Schedule E, Form 1040, Supplemental Income and Loss, or its equivalent or successor form; or (iii) Schedule F, Form 1040, Profit or Loss From Farming, or its equivalent or successor form, for that activity; or (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) "State business license" means any license issued to a business in this state; and (3) "Wages" means any remuneration paid for personal services, including commissions and bonuses, and payable in any medium other than cash.