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.Added by Act 2015, No. 1190,§ 2, eff. 7/22/2015.
Arkansas Legal Code