Sec. 8. (a) "Entity" means:
(1) a business corporation;
(2) a nonprofit corporation;
(3) a general partnership, including a limited liability partnership;
(4) a limited partnership; or
(5) a limited liability company.
(b) The term does not include:
(1) an individual;
(2) a business trust, a trust with a predominately donative purpose, or a charitable trust;
(3) an association or relationship that:
(A) is not listed in subsection (a); and
(B) is not a partnership under the rules stated in IC 23-4-1-7 or a similar provision of the law of another jurisdiction;
(4) a decedent's estate;
(5) a government or a governmental subdivision, agency, or
instrumentality; or
(6) any other person that has:
(A) a legal existence separate from any interest holder of that person; or
(B) the power to acquire an interest in real property in its own name.