Definition of «unincorporated businesses»

"Unincorporated businesses" refers to business entities that are not separate legal entities from their owners. In other words, the business and the owner are considered as one legal and financial entity. This means the owner is personally responsible for any debts, liabilities, or legal issues related to the business.

Sentences with «unincorporated businesses»

Finally, the report recommends a third option — a new statewide unincorporated business tax. (wshu.org)
Can be used by self - employed individuals, partnerships, or the owners of unincorporated businesses, limited liability companies, or Sub-S corporations. (realtormag.realtor.org)
The same can be said of a new entity - level tax on unincorporated businesses, another option explored in the Department's paper. (bcnys.org)
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