carrying on business


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

  • 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 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

  • carrying charge — UK / US noun [countable] Word forms carrying charge : singular carrying charge plural carrying charges business British a charge for storing or delivering a customer s goods …   English dictionary

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

  • Carrying — Car ry*ing, n. The act or business of transporting from one place to another. [1913 Webster] {Carrying place}, a carry; a portage. {Carrying trade}, the business of transporting goods, etc., from one place or country to another by water or land;… …   The Collaborative International Dictionary of English

  • Carrying place — Carrying Car ry*ing, n. The act or business of transporting from one place to another. [1913 Webster] {Carrying place}, a carry; a portage. {Carrying trade}, the business of transporting goods, etc., from one place or country to another by water… …   The Collaborative International Dictionary of English


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