Cost of Doing Business
/ˈkɒst əv ˈduːɪŋ ˈbɪznəs/
Definitions
- (n.) Expenses lawfully incurred by a business to maintain its operations, including legal, regulatory, and operational costs.
The cost of doing business includes compliance with industry regulations and payment of legal fees.
Forms
- cost of doing business
Related terms
See also
Commentary
This term broadly covers legally relevant expenses inherent to running a business, often considered in contract and tax law contexts.
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.