Simple English definitions for legal terms
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A business is when someone or a group of people do something to make money. They might sell things or offer services to people. But, sometimes people do things to help others without making money, and that can also be a business. To start a business, you need to plan things like what you will sell, who you will sell it to, and how you will make money. You also need to think about the rules and laws that apply to your business.
A business is an activity or trade performed by a person or entity with the goal of making a profit. This can include selling goods or services to the public. However, a business can also be a non-profit organization that pursues a charitable or social purpose.
These examples illustrate how a business can involve different types of activities and goals. The bakery and law firm are both commercial businesses that aim to make a profit by providing goods or services to customers. The non-profit organization, on the other hand, has a social purpose and does not aim to make a profit, but it still operates like a business by providing a service to the public.
Developing a business may require creating a plan that considers various aspects, such as:
These elements help to ensure that the business is well-planned and has a clear direction for success.
Bush v. Gore (2000) | Business and Professions Code - by state