Business legal definition of business

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The Bell group, instead of being driven from the field, were at once lifted to a higher level in the business world.

Most of them were well- known business men–the Bradleys, the Saltonstalls, Fay, Silsbee, and Carlton.

There was a spirit of confidence and enterprise; and the next step, clearly, was to create a business organization.

Vail, took his seat as General Manager in a tiny office in Reade Street, New York, and the building of the business began.

Bell invented the telephone; Watson constructed it; Sanders financed it; Hubbard introduced it; and Vail put it on a business basis.

The new General Manager had, of course, no experience in the telephone business. Neither had any one else.

So, just as Amos Kendall had left the post office service thirty years before to establish the telegraph business, Theodore N.

“We have the only original telephone patents,” he wrote;

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definition of business by The Free Dictionary

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Noun 1. business - a commercial or industrial enterprise and the people who constitute itbusiness – a commercial or industrial enterprise and the people who constitute it; “he bought his brother’s business”; “a small mom-and-pop business”; “a racially integrated business concern”
enterprise – an organization created for business ventures; “a growing enterprise must have a bold leader”
agency – a business that serves other businesses
brokerage – the business of a broker; charges a fee to arrange a contract between two parties
chain – (business) a number of similar establishments (stores or restaurants or banks or hotels or theaters) under one ownership
business firm, firm, house – the members of a business organization that owns or operates one or more establishments; “he worked for a brokerage house”
dealership, franchise – a business established or operated under an authorization to sell or distribute a company’s goods or services in a particular area
partnership – the members of a business venture created by contract
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Business – Wikipedia

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Organization undertaking commercial, industrial, or professional activity

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).[1][2][need quotation to verify][3][4] Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”[5]

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

The term is

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Business – AOL Video Search Results

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Yahoo!

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