Business Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Business, written in plain English, along with examples of how it is used.

What is Business?

(n) Business is an activity undertaken for the purpose of making profit or adding wealth to a person or entity by resorting to financial transaction in order to get a margin of profit on such transactions. Activity not intended to get profit or margin and done to enjoy the pleasure is not a business