LSDefine

Simple English definitions for legal terms

new business

Read a random definition: majority

A quick definition of new business:

New Business: A new business is a type of commercial enterprise that is started for the purpose of making a profit. It can involve any type of occupation or employment that is done regularly to earn money. New businesses engage in commercial transactions and can be in any industry. In parliamentary law, new business refers to an item of business introduced from the floor or taken from the table without having been scheduled for consideration.

A more thorough explanation:

New business refers to a commercial enterprise that is started for the purpose of making a profit. It can also refer to any occupation or employment that is done regularly to earn a living. Transactions or matters that are not commercial in nature can also be considered as new business.

A person starting a new restaurant is an example of new business.
A lawyer who starts his own law firm is also an example of new business.
When a company expands its operations to a new location, it is considered as new business.

These examples illustrate how new business refers to any commercial enterprise that is started with the intention of making a profit. It can be a small business or a large corporation, and it can be in any industry or sector.

new assignment | new-business rule

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

[] cheriebomb

15:23

what if I started flexing again

cheriebomb

15:24

that might be too much

llama

15:33

can we see ur mod badge?

[M] cheriebomb

15:41

just for u sweetie pie

llama

15:43

woah so much swagger with dat 'm;

Dkk

15:47

@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.

llama

15:48

https://www.urbandictionary.com/define.php?term=Chad%20Thundercock

Dkk

15:48

Indeed, the legendary man himself.

cheriebomb

15:49

I would go to blow my back out by the bay boston

llama

15:50

lift with ur back not your legs, its better to have a blown back than two bad legs

CynicalOops

15:53

Blow and back day out by boston bay

cheriebomb

15:59

so true

Dkk

16:03

Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.

windyMagician

16:10

is it dumb that I rlly want to go to Mich even tho I have a full ride to umn

llama

16:12

no-value as a consumer often means more than the price

Dkk

16:15

@windyMagician: Nah michigan is better than UMN

Dkk

16:15

My sister just officially graduated, yay!

llama

16:16

awesome @Dkks sister

llama

16:16

prolly named veronica or sarah

windyMagician

16:16

@Dkk: for public defense tho?

windyMagician

16:16

Sarah in the bathroom

texaslawhopefully

16:17

@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.

windyMagician

16:17

fuck okay

windyMagician

16:17

going to my dream school is crazy

KnowledgeableRitzyWasp

16:18

michigan also has better options if you do PD for 10 years then want to do something else

windyMagician

16:19

also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?

llama

16:20

would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like

texaslawhopefully

16:23

For fed clerkships by far Michigan places better. I think it’s like 14-15 percent

windyMagician

16:25

sticker debt is high-key scary tho

texaslawhopefully

16:26

I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.

LSD+ is ad-free, with DMs, discounts, case briefs & more.