carry on trade or business


carry on trade or business
carry on trade or business
To conduct, prosecute or continue a particular avocation or business as a continuous operation or permanent occupation. The repetition of acts may be sufficient. To hold one's self out to others as engaged in the selling of goods or services. Helvering v. Highland, C.C.A.4, 124 F.2d 556, 561.
Term which has multiple meanings depending on the context, but it is commonly used in connection with the degree of activity of a foreign corporation in a given state and the consequent right of that state to regulate such enterprise and the exposure of such foreign corporation to suit within that state. In this connection, so called "long arm" statutes define what constitutes carrying on business

Black's law dictionary. . 1990.