New Jersey § 19:44a-20

§ 19:44a-20.

For the purposes of this act, a “ business entity ” means any natural or legal person, business corporation, professional services corporation,

limited liability company, partnership, limited partnership, business trust, association

or any other legal commercial entity organized under the laws of this State or any

other state or foreign jurisdiction. The definition of a business entity includes: (i) all principals who own or control

more than 10 percent of the profits or assets of a business entity or 10 percent of

the stock in the case of a business entity that is a corporation for profit, as appropriate;

(ii) any subsidiaries directly or indirectly controlled by the business entity; (iii)

any political organization organized under section 527 of the Internal Revenue Code 1 that is directly or indirectly controlled by the business entity, other than a candidate

committee, election fund, or political party committee; and (iv) if a business entity

is a natural person, that person's spouse or child, residing therewith, are also included

within this definition. 1

26 U.S.C.A. § 527.