LAC 28:CLXI.501. Definitions

Corporation—any entity incorporated in Louisiana, or incorporated in another state and registered with the secretary of state in Louisiana, and legally authorized to do business in Louisiana. Individual Owner—a natural person who directly owns a center without setting up a juridical entity. Juridical Entity—a corporation, partnership, limited-liability company, church, university, governmental entity, or other non-natural person. Natural Person—a human being. Ownership—the right that confers on a person direct, immediate and exclusive authority over a thing. The owner of a thing may use, enjoy and dispose of it within the limits and under the conditions established by law. 1. Direct Ownership—when the immediate owner is a natural person who exercises control personally rather than through a juridical entity. 2. Indirect Ownership—when the immediate owner is a juridical entity. Partnership—any general or limited partnership licensed or authorized to do business in Louisiana.