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Greg Aloi A business can be defined as, a task organized and operated for the purpose of making goods and services available to the public, with the motive of making profit.
A Business is defined as a corporate entity or entity engaged in trade, industry, or professional activities.
Greg Aloi in Singapore In simpler terms, a business entity is an entity created by a person or individuals for the purpose of conducting a business, engaging in commerce, or engaging in a comparable activity.
The form of a business entity dictates how the business is taxed and what liabilities it is subject to.
Greg Aloi talk about many businesses are run through an independent entity, such as a corporation or a partnership (either formed with limited liability or not).