Carrying On Business Definition and Legal Meaning

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

What is Carrying On Business?

(v) Carrying on business is a routine and continues involvement in an activity undertaken for the purpose of making profit, gain or adding wealth to a person or entity by resorting to financial transaction to get a margin of profit on such transactions.