business

(redirected from Business entity)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
Related to Business entity: Legal entity

business

n. 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. It is sometimes significant to determine if an accident, visit, travel, meal or other activity was part of "business" or for pleasure or no particular purpose.

business

(Affair), noun activity, concern, duty, interest, matter, mission, proceeding, proposition, responsibility, task, undertaking
Foreign phrases: Aliena negotia exacto officio geruntur.The business of another is to be carried out with particular care. Constitutum esse eam domum unicuique nostrum debere existimari, ubi quisque sedes et tabulas haberet, suarumque rerum constitutionem fecisset. It is established that the home of each of us is considered to be the place of his abode and books, and where he may have made an essablishment of his business. In suo quisque negotio hebeeior est quam in alieno. Everyone is more dull in his own business than in that of another.

business

(Commerce), noun barter, buying and selling, commercial intercourse, dealings, exchange, industry, merchandising, merchantry, production, trade, traffic, transaction, ventures
Associated concepts: business address, business agent, busiiess corporation, business crimes, business district, business done in state, business enterprise, business expenses, busiiess hours, business interruption insurance, business inviiees, business license, business losses, business name, busiiess paper, business purposes, business records, business restrictions, business secrets, business situs, business trust, business venture, business visitor, doing business, good will of business, in the course of business, interference with busiiess, ordinary course of business, transacting business
Foreign phrases: Ea quae raro accidunt non temere in agendis negotiis computantur.Those things which rarely happen are not to be taken into account in the transaction of business without sufficient reason.

business

(Commercial enterprise), noun cartel, combine, company, concern, corporation, establishment, firm, industry, manufacture, organization, private enterprise, shop, store, syndicate, venture

business

(Occupation), noun activity, avocation, career, craft, duty, employment, endeavor, following, function, handicraft, job, line, livelihood, living, means of support, mission, office, practice, profession, pursuit, trade, undertaking, vocation, walk of life, work
See also: agenda, assignment, calling, career, commerce, commercial, company, concern, corporation, dealings, employment, enterprise, firm, function, job, livelihood, mercantile, mission, occupation, office, position, post, practice, profession, province, pursuit, task, trade, undertaking, venture, work
References in periodicals archive ?
In the case of a corporation, the calculation of the tax base includes a subtraction for "[d]efinite and accrued legal liabilities." Where debt is owed by a corporation to an affiliated noncorporate business entity, the language in the Bill would require the creditor noncorporate business entity to add this debt to its tax base.
Probably the most popular form of business entity today is the LLC.
The model we have described focuses on four areas where the medical practice organization is vulnerable in a rapidly changing environment and suggests what the medical practice needs to do to improve its prospects for survival as a business entity in the health care system.
A business entity would be considered resident in a tax jurisdiction if, under the jurisdiction's laws, the business entity is liable to tax based on place of management, place of organization, or other similar rules, but not just because it is liable for tax on income or capital located there.
With the introduction of the Single Business Tax, the State of Michigan was pursuing four laudable goals: alleviating a budget shortfall owing to the recession of the early 1970s, providing a more stable source of tax revenue than had previously been collected, promoting economic efficiency by encouraging investment in the state, promote economic efficiency by taxing all forms of business entity, regardless of form, and easing the compliance burden by providing a single tax that was easier to administer than the seven taxes that it replaced.
The new tax legislation has changed the choice of business entity environment for private companies, and privately held C corps might benefit from electing S corp status.
Pros: This business entity is best suited for a general partner looking for a silent partner(s) not involved in the day-to-day operation of the business (for example, an investor).
Alternatively, the lower tier company may be a QSSS, an arrangement that preserves the pass-through nature of the business entity. The parent company can achieve the same result by structuring the lower tier subsidiary as an LLC, provided it is chartered in a state that permits one-member companies.
Should you file a Business Entity Return even though you don't have the money to pay?
* The business entity is an eligible entity under Regs.
[section] 1.263(a)-5, applicable to costs incurred to facilitate the acquisition of a trade or business, a change in the capital structure of a business entity, and certain other transactions.

Full browser ?