An effort that is intended to result in a profit. Business organizations may be informal (sole proprietorship) and not require filing or they may be formal and which come with additional benefits such as limited liability (corporation, limited liability company, etc.)
Law Dictionary – Alternative Legal Definition
This word embraces everything about which a person can be employed. People v. Com’rs of Taxes, 23 N. Y. 242, 244. That which occupies the time, attention, and labor of men for the purpose of a liveli-hood or profit The doing of a single act pertaining to a particular business will not be considered engaging in or carrying on the business; yet a series of such acts would be so considered. Goddard v. Chaffee, 2 Allen (Mass.) 395, 79 Am. Dec. 796; Sterne v. State, 20 Ala. 46. Labor, business, and work are not synonyms. Labor may be business, but it is not necessarily so; and business is not always labor. Making an agreement for the sale of a chattel is not within a prohibition of labor upon Sunday, though it is (if by a merchant in his calling) within a prohibition upon business. Bloom v. Richards, 2 Ohio St. 387.