carrying on business
A routine and continuous involvement in an activity undertaken for the purpose of making profit. This can be accomplished with or without a physical or visible business entity.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Name, Location & Licenses
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Business, LLCs & Corporations → Self-Employed Consultants & Contractors
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

carrying on business
v.
   pursuing a particular occupation on a continuous and substantial basis. There need not be a physical or visible business "entity" as such.

Law dictionary. . 2013.

Look at other dictionaries:

  • carrying on business — A term with a meaning variable according to the context within which it appears and the circumstances under which it is used, but in any event it is something more than isolated transactions. Kirkwood v Gadd (Eng) [1910] A.C. 422, 432. It is the… …   Ballentine's law dictionary

  • carrying on business —    Pursuing a particular occupation on a continuous and substantial basis. There need not be a physical or visible business entity as such …   Business law dictionary

  • expense in carrying on business — Usual or customary expenditure in course of conducting business during the year. Whitney v. Commissioner of Internal Revenue, C.C.A.N.Y., 73 F.2d 589, 591. See ordinary (ordinary expenses) …   Black's law dictionary

  • expense in carrying on business — Usual or customary expenditure in course of conducting business during the year. Whitney v. Commissioner of Internal Revenue, C.C.A.N.Y., 73 F.2d 589, 591. See ordinary (ordinary expenses) …   Black's law dictionary

  • carrying on liquor business — See carrying on business …   Ballentine's law dictionary

  • carry on business — carry on trade or business To conduct, prosecute or continue a particular avocation or business as a continuous operation or permanent occupation. The repetition of acts may be sufficient. To hold one s self out to others as engaged in the… …   Black's law dictionary

  • carry on business — carry on trade or business To conduct, prosecute or continue a particular avocation or business as a continuous operation or permanent occupation. The repetition of acts may be sufficient. To hold one s self out to others as engaged in the… …   Black's law dictionary

  • Business ownership within England and Wales — There are many ways in which a business may be owned under the legal system of England and Wales.Different types of ownership are suitable for organisations depending on the degree of control the owners wish to have over the business. The choice… …   Wikipedia

  • Business ecology — Business Ecology: Moving beyond Ecology As a Metaphor Current Definitions of Business Ecology The use of the term “business ecology” is not new. Yet, previous conceptualizations of the term have not yielded a meaning that sufficiently represents… …   Wikipedia

  • business — [n1] job, profession bag*, biz*, calling, career, craft, dodge*, employment, field, function, game, line, livelihood, métier, occupation, pursuit, racket*, specialty, trade, vocation, what one is into*, work; concept 360 Ant. avocation,… …   New thesaurus

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