Definitions

Ark. Code Ann. § 4-27-1903 — under Business Corporation Act of 1987.

Ark. Code Ann. § 4-27-1903

(1) 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.

(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;

(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

(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.