21 Nov
2024
21 Nov
'24
9:32 p.m.
Hi,
A business has private or public shareholders or stockholders who once all taxes have been deducted on the legal entity's annual revenue or bottomline .. the stockholders then enjoys dividends through board resolutions. You have described one structure of a corporation, but the definition of a business is much broader.
FWIW, unsurprisingly, the definition of “business” varies depending on country and their legal system and context (e.g., legal, tax, or regulatory). Regards, -drc