- 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 & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Name, Location & LicensesCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Business, LLCs & Corporations → Self-Employed Consultants & ContractorsCategory: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.Category: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 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. EdwART. 2013.
Look at other dictionaries:
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
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)  A.C. 422, 432. It is the… … Ballentine'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 cost — ➔ cost1 * * * carrying cost UK US noun [C] ► ACCOUNTING, COMMERCE the cost of storing goods before they are sold: »Pushing the ownership of inventory backwards to the supplier reduces inventory carrying costs for the customer. ► ACCOUNTING… … Financial and business terms
carrying capacity — UK US noun [C, usually singular] ► TRANSPORT the total amount that something can hold or carry: »Low water levels meant that ships lost about 8,000 tons per trip about 11% of their carrying capacity. »About 155,000 vehicles use the bridge every… … Financial and business terms
carrying amount — UK US noun [C, usually singular] ► ACCOUNTING BOOK VALUE(Cf. ↑book value) … Financial and business terms
carrying charge — For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures markets, it refers to the differential between the yield on a cash… … Financial and business terms
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
carrying charges — The cost of storing a physical commodity, consisting of interest on the invested funds, insurance, storage fees, and other incidental costs. Carrying costs are usually reflected in the difference between futures prices for different delivery… … Financial and business terms
Carrying value — Book value. The New York Times Financial Glossary * * * carrying value UK US noun [C, usually singular] ► ACCOUNTING BOOK VALUE(Cf. ↑book value) … Financial and business terms