Arkansas § 4-27-1903 Definitions

Arkansas Statutes

§ 4-27-1903 — Definitions

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.

Arkansas § 4-27-1903 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.