Generally, you cannot deduct personal, living, or family expenses. noun. Advertisement Businesses seek insurance to … The facts and circumstances of each case determine whether or not an activity is a trade or business. Also called a C corporation, a corporation has shareholders, a board of directors, and officers. Legal definition of reasonable person: a fictional person with an ordinary degree of reason, prudence, care, foresight, or intelligence whose conduct, conclusion, or expectation in relation to a particular circumstance or fact is used as an objective standard by which to measure or determine something (as the existence of negligence) —called also reasonable man. Dictionary ! This is the British English definition of person.View American English definition of person.. Change your default dictionary to American English. All business … In general usage, a human being; by statute, however, the term can include firms, labor organizations, partnerships, associations, corporations, legal representatives, trustees, trustees in Bankruptcy, or receivers.. A corporation is a "person" for purposes of the constitutional guarantees of equal protection of laws and Due Process of Law. Synonyms and related words +-Words used to describe businesses and companies. ... A local bakery that employs 10 people is an example of a small business. How to use business in a sentence. Business insurance refers broadly to a class of insurance coverage intended for purchase by businesses rather than individuals. A small business is a privately owned and operated business. Business activities include any activity a business engages in for the primary purpose of making a profit. PCs are multipurpose computers suited for individual end users, as opposed to high-performance computers that are typically reserved for IT specialists for carrying out tasks such as managing servers.PCs typically run on commercial operating systems (OS), commercial software applications, and freeway and open source software. A person holding a "directorship" in a legal sense, who has specific legal duties and responsibilities for management of the company which they have been appointed to the board of. the business community (= all the people who work in business) a business associate / partner. A business model is the conceptual structure supporting the viability of a business, including its purpose, its goals and its ongoing plans for achieving them. the business section of the Sunday paper. How to use person in a sentence. Source: SBA. Business analytics (BA) is the iterative, methodical exploration of an organization's data, with an emphasis on statistical analysis.Business analytics is used by companies that use data-driven decision-making. Person. business definition: 1. the activity of buying and selling goods and services: 2. a particular company that buys and…. Business definition, an occupation, profession, or trade: His business is poultry farming. Reasonable Person. agile. Personal data that has been rendered anonymous in such a way that the individual is not or no longer identifiable is no longer considered personal data. How to use enterprise in a sentence. Person definition is - human, individual —sometimes used in combination especially by those who prefer to avoid man in compounds applicable to both sexes. Define Conducting Personal Business. Only one person raised a hand. A colleague is someone you work with at your job. Data-driven companies treat their data as a corporate asset and actively look for ways to turn it into a competitive advantage. Personal definition, of, relating to, or coming as from a particular person; individual; private: a personal opinion. Business definition is - a usually commercial or mercantile activity engaged in as a means of livelihood : trade, line. Personal versus Business Expenses. 0. An optimistic person thinks the best possible thing will happen, and hopes for it even if it's not likely. Less than 1 percent of the workforce has been taught how to define problems. This is the British English definition of business. Business expenses are deductible and are always netted against business income . See more. Menu. Business Law "Legal person" is used frequently within the field of business law. Business Expenses: Any expenses incurred in the ordinary course of business. When you work as a cashier at 7-11, the guy at the deli counter is your colleague as well. Personal data that has been de-identified, encrypted or pseudonymised but can be used to re-identify a person remains personal data and falls within the scope of the GDPR. Definition definition, the act of defining, or of making something definite, distinct, or clear: We need a better definition of her responsibilities. Corporation for Public Broadcasting. Menu. See more. Definition & Examples of a Business Entity ... A corporation is an independent, legal entity that separates your personal and business assets. A small business typically has a small number of employees. accredited. 1. That’s common to most business groups I speak with on a weekly basis. Someone who's a tad too confident this way is also sometimes called optimistic. When you are a teacher, the other teachers are your colleagues. Business continuity planning (BCP) involves establishing protocols and creating prevention and recovery systems in the case of a cyber-attack or natural disaster. Typically, a legal persons can sue and be sued, own property, and enter into contracts. Capricious is an adjective to describe a person or thing that's impulsive and unpredictable, like a bride who suddenly leaves her groom standing at the wedding altar. Definition and synonyms of person from the online English dictionary from Macmillan Education.. Person definition, a human being, whether an adult or child: The table seats four persons. Conducting Personal Business synonyms, Conducting Personal Business pronunciation, Conducting Personal Business translation, English dictionary definition of Conducting Personal Business. Legal person refers to a human or non-human entity that is treated as a person for limited legal purposes. Enterprise definition is - a project or undertaking that is especially difficult, complicated, or risky. PC stands for personal computer. Dictionary ! Learn more. At its simplest, a business model is a specification describing how an organization fulfills its purpose. A “business associate” is a person or entity that performs certain functions or activities that involve the use or disclosure of protected health information on behalf of, or provides services to, a covered entity. The wholesale food business. The variety of this activity in which a person is engaged. A phrase frequently used in tort and Criminal Law to denote a hypothetical person in society who exercises average care, skill, and judgment in conduct and who serves as a comparative standard for determining liability.. A business procedure details teams and the people responsible for each part of the process, as well as the specifications applicable to each of these parts. Refer to chapters 7 and 8 of Publication 535, Business Expenses.. A person from a group of managers who leads or supervises a particular area of a company, which might be considered to be the american english meaning of the word. While a business process is a series of related tasks that result in the desired output, a business procedure is a clearly stipulated way of undertaking a business process. See more. Synonym Discussion of business. The regularity of activities and transactions and the production of income are important elements. Trade or Business A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit. Business services is a general term that describes work that supports a business but does not produce a tangible commodity. See more. Note: You can elect to deduct or amortize certain business start-up costs. A manufacturing facility that employees less than 500 people is an example of a small business. Synonyms of person.. 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