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Simple English definitions for legal terms
enterprise
Read a random definition: FMS
A quick definition of enterprise:
Enterprise: An organization or business venture that is created to achieve a specific goal. It can be run by the government or by individuals. Under the law, an enterprise can also refer to a group of people or organizations that work together towards a common purpose. Employees who work for an enterprise are entitled to certain benefits.
A more thorough explanation:
Definition: An enterprise is an organization or venture, usually for business purposes. It can also refer to a governmental body or a group of individuals associated in fact, although not a legal entity.
- A small business that sells handmade crafts is an example of an enterprise.
- A parks department that creates a public park is an example of a governmental enterprise.
- Under federal anti-racketeering law, an enterprise can be an individual, partnership, corporation, association, union, or other legal entity that engages in ongoing illegal activity.
The examples illustrate how an enterprise can take many forms, from a small business to a government agency to a criminal organization. In each case, the enterprise has a specific purpose and may involve multiple individuals or entities working together towards a common goal.