296-17-873  <<  296-17-87301 >>   296-17-87304

WAC 296-17-87301

Definitions.

The definitions in this section shall apply throughout WAC 296-17-873 through 296-17-87306.
(1) "Entity" means an individual, partnership, corporation, unincorporated association, or fiduciary operation (e.g. trust, receivership, or estate of deceased individual).
(2) "Majority interest" means more than fifty percent ownership in the firm (business). If the owners of the firm (business) are a partnership, majority interest means more than fifty percent of the general partners' ownership in the firm (business). Majority interest in a partnership shall be determined in proportion to the general partners' ownership of the firm (business). For example, in a three-way partnership … partner A owns twenty percent of the business, partner B owns twenty percent of the business, and partner C owns sixty percent of the business … if partner A sold his/her share of the business, a majority interest still exists as partners B and C retain a majority interest (eighty percent) in the firm (business). Limited partners shall not be considered to have an ownership interest for purpose of these rules.
(3) "Joint venture" means a combination of two or more entities, entered into for the purpose of carrying to completion a specified job of limited duration.
(4) "Employee leasing entity" means a firm (business) which provides workers on a long-term basis to another firm.
[Statutory Authority: RCW 51.04.020 and 51.16.035. WSR 13-11-128, § 296-17-87301, filed 5/21/13, effective 7/1/13. Statutory Authority: RCW 51.04.020(1) and 51.16.035. WSR 90-20-092, § 296-17-87301, filed 10/1/90, effective 11/1/90; WSR 89-24-051 (Order 89-22), § 296-17-87301, filed 12/1/89, effective 1/1/90. Statutory Authority: RCW 51.04.030 and 51.16.035. WSR 79-12-086 (Order 79-18), § 296-17-87301, filed 11/30/79, effective 1/1/80.]
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