Business

Business
Business is the practice of making one’s living or making money by producing or (such as and ). It is also “any activity or enterprise entered into for profit.”
A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired.[] The for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
A distinction is made in law and public offices between the term business and a such as a or . Colloquially, the terms are used interchangeably.