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 —    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) [1910] 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

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  • 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

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