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LSDefine
Simple English definitions for legal terms
regular course of business
Read a random definition: documentary-stamp transfer tax
A quick definition of regular course of business:
Regular Course of Business: This means the usual way of doing things when managing a business. It's like following a routine or a set of rules that everyone knows and follows. It's also called ordinary course of business or just regular course.
A more thorough explanation:
Definition: Regular course of business refers to the normal routine in managing a trade or business. It is also known as ordinary course of business or regular course.
Examples: A company's regular course of business may include tasks such as ordering inventory, paying bills, and hiring employees. For example, a restaurant may regularly order food supplies from a vendor, pay rent and utilities, and hire servers and cooks. These tasks are part of the regular course of business for the restaurant.
Explanation: Regular course of business refers to the usual and customary activities that a business engages in to operate and maintain its operations. These activities are necessary for the business to function and are typically repeated on a regular basis. The examples provided illustrate how a business may engage in various activities as part of its regular course of business.