What is the definition of commercial business?

Answer

A commercial business is an entity created and sustained to provide goods or services. A commercial business is also known as a commercial enterprise in the United States and some other nations.

A commercial business may have one owner upwards to a virtually unlimited number of owners, depending on its organizational structure. For example, a sole proprietorship by definition is technically owned by one person but may have may have multiple owners. A corporation may have any number of shareholders as permitted within the entity's articles of incorporation. Commercial businesses commonly are legally organized as sole proprietorships, partnerships, limited liability companies or corporations.

1 Additional Answer
Ask.com Answer for: what is the definition of commercial business
Commercial
Relating to commerce. In the investment field, the term "commercial" is generally used to refer to a trading entity engaged in business activities that are hedged by positions in the futures or options markets. A commercial plays an active... More »
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