The term
"legitimate business purpose" refers to a valid, lawful or acceptable reason for conducting a particular action or engaging in a specific activity.
Full definition
Synonyms for individual words can be found below.
«legitimate»
«business»
«purpose»
Sentences with «legitimate business purpose»
- Isn't there an exception for legitimate business purposes that would cover them? (law.stackexchange.com)
- The cash buildup in life insurance policies held for legitimate business purposes is not counted towards the accumulated earnings limitation. (thinkadvisor.com)
- A quick perusal of the internet seems to suggest that lawyers and other professionals in the area don't think that FLPs formed with legitimate business purposes have much to fear. (blogs.findlaw.com)
- (see all
sentences)