Business Enterprise
/ˈbɪznɪs ˈɛntərˌpraɪz/
Definitions
- (n.) A legally recognized organizational entity engaged in commercial, industrial, or professional activities.
The business enterprise expanded its operations into international markets.
- (n.) An undertaking or venture involving initiative, risk, and management aimed at generating profit.
Starting a new business enterprise requires careful planning and capital.
Forms
- business enterprises
Related terms
See also
Commentary
In legal contexts, 'business enterprise' often refers broadly to any entity or initiative engaged in economic activity; distinctions among entity types (corporation, partnership) are crucial for liability and regulatory purposes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.