Business Inactivity
/ˈbɪznɪs ɪnækˈtɪvɪti/
Definitions
- (n.) The state or condition in which a business ceases or refrains from carrying out its commercial operations for a period of time.
The company declared business inactivity due to regulatory investigations.
- (n.) A reporting status under certain legal or regulatory frameworks indicating that a company is not currently trading or operating.
The firm filed its annual return indicating business inactivity.
Forms
- business inactivity
Related terms
See also
Commentary
Business inactivity often requires specific legal reporting or declaration, distinguishing it from permanent dissolution or bankruptcy.
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.