The following words and terms, when used in this article, shall have thefollowing meanings unless the context clearly indicates otherwise:
"Owner" means any individual or entity who is treated as a partner, member,or shareholder of a pass-through entity for federal income tax purposes.
"Pass-through entity" means any entity, including a limited partnership, alimited liability partnership, a general partnership, a limited liabilitycompany, a professional limited liability company, a business trust or aSubchapter S corporation, that is recognized as a separate entity for federalincome tax purposes, in which the partners, members or shareholders reporttheir share of the income, gains, losses, deductions and credits from theentity on their federal income tax returns.
The following words and terms, when used in this article, shall have thefollowing meanings unless the context clearly indicates otherwise:
"Owner" means any individual or entity who is treated as a partner, member,or shareholder of a pass-through entity for federal income tax purposes.
"Pass-through entity" means any entity, including a limited partnership, alimited liability partnership, a general partnership, a limited liabilitycompany, a professional limited liability company, a business trust or aSubchapter S corporation, that is recognized as a separate entity for federalincome tax purposes, in which the partners, members or shareholders reporttheir share of the income, gains, losses, deductions and credits from theentity on their federal income tax returns.
The following words and terms, when used in this article, shall have thefollowing meanings unless the context clearly indicates otherwise:
"Owner" means any individual or entity who is treated as a partner, member,or shareholder of a pass-through entity for federal income tax purposes.
"Pass-through entity" means any entity, including a limited partnership, alimited liability partnership, a general partnership, a limited liabilitycompany, a professional limited liability company, a business trust or aSubchapter S corporation, that is recognized as a separate entity for federalincome tax purposes, in which the partners, members or shareholders reporttheir share of the income, gains, losses, deductions and credits from theentity on their federal income tax returns.
