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The substantial number of 'businesses' – probably the vast majority – see some trades of goods and services happen, but never accrue anything that the governmen
by randomdata 3y ago
The substantial number of 'businesses' – probably the vast majority – see some trades of goods and services happen, but never accrue anything that the government would try to tax. Colloquially, they 'lose money'. What do you consider those entities if not businesses?
- bombcar 3y agoThe very trades of goods and services is the money the government would try to tax (assuming you made a profit) - even the term used "lose money" admits that they're transacting.
- randomdata 3y agoSo, just a long and roundabout way to say: "If you don't make trades, you don't have a business"? Or, maybe, "If you are not willing to make trades, you don't have a business"? The latter captures entities that are prepared to make trades, but have not yet done so. While the original definition rules out a 'business' that is still waiting on their first sale, I suspect that wasn't the intent.