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Rob Goyette - Big Revenue VIP Weekends Business online course Information about business: Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).• [need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
• It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.” Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
• If the business acquires debts, the creditors can go after the owner’s personal possessions.