carry on business definition

carry on business means carry on business within the meaning of subsection (3);
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carry on business or “Carries on Business” means, in regards to any Person, conducting or offering to conduct a business of any scale or magnitude, including without limitation any commercial business, Home Based Business, property booking or property management business, other than the direct rental of such Person’s own Resort Lots to the Public;
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carry on business. With respect to any business that may be or become a part of any Trust whether organized as a sole proprietorship, limited partnership, partnership or corporation, upon such terms, for such time, and in such manner as the Trustee deems advisable: a. To hold, retain and continue to operate such business solely at the risk of the Trust estate and without liability on the Trustee’s part for any resulting losses; b. To incorporate, dissolve, liquidate, or sell such business at such time and upon such terms as the Trustee deems advisable. In this regard the Trustee’s decision may be based upon qualified appraisal, and the Trustee shall not be obligated to seek other offers in contracting for sale to any person including another shareholder, trust, or beneficiary; c. To borrow money for business purposes and to mortgage, pledge or otherwise encumber the assets of any Trust to secure the loan; d. To engage in the redemption of stock and take such actions as are necessary to qualify the redemption under Sections 302 or 303 IRC and the applicable requirements of state law. e. To create a special lien for the payment of deferred death taxes under 6324 IRC, or similar provisions of state law. f. To create, continue, or terminate an S-Corporation election.
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More Definitions of carry on business

carry on business means to display goods for sale by inviting others to come and buy the goods so displayed;
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carry on business means to conduct, operate, perform, keep, hold, occupy, deal in or use for gain whether as principal or agent.
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Related to carry on business

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Business has the meaning set forth in the Recitals.

  • Carries means engages in the transmission of an electronic communication.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Licensed Business means the activities connected with the conveyance of

  • Properties as defined in Section 4.17(a).

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • Sexually oriented business means an adult arcade, adult bookstore or adult video store, adult cabaret, adult motel, adult motion picture theater, adult theater, escort agency, nude model studio, or sexual encounter center.

  • Distribution Business means the business of operating and maintaining a distribution system for supplying electricity in the area of the supply of the Distribution Licensee;

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;